La creación del Banco del Instituto Ecuatoriano de Seguridad Social y su Incidencia en el desarrollo del sector de la construcción desde el año 2010 – 2015.

Abstract

The Magna Carta of Ecuador in its article number 372, indicates and establishes the creation of an institution or financial entity in charge of the Ecuadorian Social Security Institute, which is in charge of channeling its investments and managing public pension funds, private investments and non-private, provided that its management is subject to the principles of security, solvency, efficiency, profitability and control of the competent body. Under this precept, the creation of the Bank of the Ecuadorian Institute of Social Security, BIESS, was approved by means of a law published in the Official Register No. 587 of Monday, May 11, 2009. As a result, on December 8, 2009, Banco del IESS with its first Board session, established as a public institution with administrative, technical and financial autonomy, with social and public service purpose and principal domicile in the city of Quito; BIESS opened its doors to affiliates and retirees on October 18, 2010, one of its main objectives is to become the largest financial institution in the country that supports equitable investment projects in the productive and strategic sectors of the Ecuadorian economy. In order to promote the generation of employment and added value. The present study reveals that, as an impact, the creation of the Bank of the Ecuadorian Institute of Social Security has exercised an important contribution in the facility for obtaining own housing, promoting the real estate sector of the country.