China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

EuromoneyFXNews.com

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October 2009

Ecuador: Pichincha rides the storm



Antonio Acosta, Banco del Pichincha: confident about Latin America

Antonio Acosta, the co-president of Banco del Pichincha, the largest bank in Ecuador, is confident 2009 will be a good year for the bank. He tells Euromoney why he is so positive about prospects.

How has your bank fared through the financial crisis?

The bank has done well. The bank’s assets are safe and diversified because it works with all the segments of the economy and so in terms of profitability the impact has been minimal. Also last year the bank had some extraordinary profits...


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