Guillermo Lasso was interested in buying the 2008 Pacific Bank before entering politics; “Not today,” he said in an interview

The President William Lasso Before entering politics, he was interested in buying the Banco del Pacífico.

This was announced on the show Let’s meet for Citizenshipbroadcast this Tuesday, February 22 from the Government Palace, in Quito.

He said that in 2008 when he was not in political activity sent a letter to then President Rafael Correa showing the interest of Banco de Guayaquil to buy the Bank of the Pacific, but He added “not today”.

The president denied his current interest in acquiring it. He pointed out that first don’t have the money and it is obvious that in the present circumstances being president of the republic you will not be able to purchase it.

He assured that in January 2022 has returned to high levels of profitability because in 2021 with a sense of “prudence”, the bank’s executive president, Roberto González, “cleaned” bad assets resulting from political management.

Roberto González: The Bank of the Pacific grew too without justification

He indicated that the Government line is to sell the Pacific to an international bank to generate more competition in the local market, lower interest rates and banking services, bring innovation.

The buyer will be defined through a international public competition. He explained that in the sale process there is an assessment that must be confidential but who won, the final acquisition price, will be known.

He pointed out that he was struck by the fact that the National Assembly wants to be a banker and they feel they own the bank that has been misused.

Banco del Pacífico: its solvency and the sale process announced by Guillermo Lasso will be audited

Lasso argued that Banco del Pacífico owned the Pacific National Bank of Miami. He asked himself when did they sell it? who did they sell it to? what price did they sell it for? Why didn’t they make a transparent, public, international contest? Why didn’t they tell us the valuation of that bank?

For this reason, he added, he has asked the executive president of Banco del Pacífico to research the documents and when they have it, the Prosecutor’s Office and the power of attorney evaluate the sale process of that bank.

assured that yes there is interest in the bank but cannot point out who they are. your sale would take place this year.

National Finance Corporation

Regarding the National Finance Corporation (CFN), the president said He is not receiving or will do so in lieu of payment overvalued assets.

I affirm that they will not accept court rulings that force the CFN to receive overvalued assets in payment of debt.

Eduardo Salgado resigned from the general management of the CFN

“Certainly, I would say that the CFN was administered irresponsibly. Credits were given to one of $75 million that I didn’t even pay the interest. We already declared it expired. Let’s get the farm La Clementina to be able to recover the money of the Ecuadorian people deposited in the National Financial Corporation. There are also credits to cronies of previous governments for $30 million for a hotel project in Manta, we are already executing to repossess the hotel to be able to sell it…”, he indicated.

He argued that they are clearing the accounts both in the CFN and in the Banco del Pacífico, which, in his opinion, was political spoils or bargaining chips, for political negotiation, to get votes in the National Assembly. (I).