Salt Lake Herald-Republican | 1918-08-04 | Page 3 | Spanish Open New Bank in Ecuador

SP SPANISH OPEN NEW V BANK BANI IN ECUADOR Washington Aug Aug- 3 The 3 The first banking banking bank bank- bankI I ing institution with foreign loreign capital c to tobe tol l I be he established In Ecu Ecuador or has been or organized organized or- or 1 01 at Quito It has a a- capitalization capitalization I tion o of sucres sucre equal to approximately I tely m In American Branches I will be established at other points In InI I South America and a nd It Is announced that the business of or the bank hank will bo be principally to de deal l with f foreign countries coun coun- tries None of or the capital stock Is own owned cd b by and there Is no American or En English lIsh mono money fn tn the Institution The stock is owne owned entirely en- en enI I b by Spaniards and Latin Ameri j Amerl cans of other co countries n es I