Quito –
The National Finance Corporation (CFN), owner of Banco del Pacífico shares, announced this Thursday that its Board of Directors will meet in the next few days to review the decision made in July 2019 on applying a 15-year reserve to the process of sale or divestment of the shares of this bank.
With resolution 061-2019, the CFN determined that the details of this operation be reserved for that period of time. The CFN acknowledged, in the document, that on July 8, 2019, its board of directors “analyzed the process of divestment of Banco del Pacífico shares, and interpreted that it should have the status of reserved in all its stages, considering the regulations in force regarding the protection of reserved information “.
However, after a complaint from the citizen oversight of the sale of the bank and a series of criticisms unleashed through social networks, the entity assured in a statement that transparency will be guaranteed.
He also clarified that “the reserve applies at the time of the valuation and during part of the negotiation, with the obvious objective of maximizing the benefits for the country. However, once the process is completed in these phases, the duration of which is estimated to be approximately nine months, the information must be fully publicly known, “the statement insisted.
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