Banex Nicaragua Definitive Closure
- Thursday, August 5, 2010
The banking regulator has requested shareholders to begin the liquidation process of the financial institution.
The head of Nicaragua's Banking and Finance Regulator (SIBOIF), Víctor Urcuyo, has said that the decision does not impact on the bank's customers since, "the vast majority have already received their money".
La Prensa reports comments from the Nicaraguan Central Bank's president, Antenor Rosales: "The social contract will be disolved, assets liquidated and the company's register deleted. The subsequent liquidation process should take longer than a year".
La Prensa reports comments from the Nicaraguan Central Bank's president, Antenor Rosales: "The social contract will be disolved, assets liquidated and the company's register deleted. The subsequent liquidation process should take longer than a year".
Source: laprensa.com.ni
Source: laprensa.com.ni