HomeEconomySudeban authorized transfer of BOD assets to Banco Nacional de Crédito

Sudeban authorized transfer of BOD assets to Banco Nacional de Crédito

The transfer of assets and liabilities of the institutions will take place as of June 27.

The National Superintendency of Banks (Sudeban) authorized this Friday the transfer of assets and liabilities from the Western Discount Bank (BOD) to the National Credit Bank.

Through a statement -published on its account on the social network Twitter- Sudeban explained that the decision was made, after evaluating the joint proposal made by both banking entities, with the purpose of avoiding that the rights and interests of the savers, depositors, creditors and clients of both banks.

«This Regulatory Body thoroughly evaluated the proposal, with the aim of avoiding affecting the public's deposits and the rights and interests of savers, depositors, customers and creditors; as well as to restore the confidence of depositors, protect the payment system and promote the restructuring and recapitalization of viable banks in the banking system,” the statement said.

In this sense, it was detailed that the transfer of assets and liabilities of the institutions will take place as of June 27.

“Banco Nacional de Crédito, CA, Banco Universal will carry out the deployment of the necessary personnel in order to resolve requests and questions from the date of transfer, all with the direct supervision of this Regulatory Entity,” the statement highlights.

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