Daily coverage from across the country, written for the expat community
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Salinas has opened its humpback whale watching season, with accredited boats offering two-hour trips and a reported fare of $21 per passenger.
Ecuador’s banking system added more first-time credit card users in 2025, with 4.63 million cards recording consumption. The trend matters for residents building local financial history.
Older adults and people with disabilities can use Ecuador’s automatic IVA refund system when registered with SRI and using an active confirmation code. For older adults, the 2026 monthly refund cap remains up to $144.60.
BIESS has modernized InmoBiess, a web platform where affiliates and retirees can review qualified housing projects and estimate mortgage payments. The tool includes projects by city, price and number of bedrooms, but it does not replace the formal credit evaluation.
Ecuador recorded 12,322 vehicle-embargo judicial processes in 2025, and 10,609 more from January through May 2026. The numbers matter for anyone financing a car under a pledge or title-reservation structure.
Ecuador’s cooperative sector is still being cleaned up, with 38 credit cooperatives in forced liquidation as of May 5, 2026. Ambato, Quito and Cuenca account for most of the liquidation processes, while rising delinquency continues to pressure smaller institutions.
Net housing reservations in Ecuador rose 28% from January to April 2026 compared with the same period last year. Builders now project that annual housing sales could reach or exceed 40,000 units if favorable conditions continue.
Ecuador now has 393 institutions in the popular-and-solidarity finance market, including 387 savings and credit cooperatives. Segment 1 cooperatives hold more than $24.6 billion in assets, about 31% of private-bank assets, and the largest cooperatives now rank among the country's biggest financial institutions.
BIESS has three mechanisms for affiliates, retirees and pensioners with pending mortgage obligations: refinancing, restructuring and novation. The options are designed to reduce late-interest pressure, protect credit history and avoid legal action tied to missed payments.
Primicias reports Ecuador's SRI rule requiring IVA declaration and payment at the same time began June 1. A declaration without full payment will not be valid before the tax authority.
Primicias reports that Ecuador's Superintendence of Companies warned on May 27, 2026 that 354 mercantile companies offer higher education without legal authorization. The companies were notified to reform their corporate purpose within 30 days.
Primicias reports that Ecuador's overdue financial-system portfolio managed by collection firms has risen from about $1.6 billion before Covid-19 to about $2.5 billion today, according to Asocob.
