Daily coverage from across the country, written for the expat community
Results for “SEPS”Clear
The Superintendencia de Bancos just published a list of 14 unlicensed organizations illegally collecting money from the public. They promise high returns in short timeframes. Last year alone, 60 similar entities were detected.
SEPS data shows 12 Ecuadorian credit cooperatives were liquidated in 2025, with two more in process in early 2026 (Incoop in Ambato, Cariamanga in Loja). The sector still serves 7.6 million users, but the expat habit of parking USD in a cooperativa deserves a second look.
