<p>Bancr&eacute;dito Holding Corporation has reiterated calls for the <strong>Office of the Commissioner of Financial Institutions (OCIF)</strong> in Puerto Rico to fully complete the <strong>liquidation</strong> of its subsidiary, Bancr&eacute;dito International Bank &amp; Trust Corporation. The holding firm also demanded greater <strong>transparency</strong> from <strong>Driven Administrative Service, LLC</strong>, which was appointed in 2022 as the trustee to oversee the bank&rsquo;s liquidation. <a alt="https://www.elnuevodia.com/english/business/notas/bancredito-demands-transparency-and-completion-of-the-liquidation-of-the-bank/?utm_source=chatgpt.com" href="https://www.elnuevodia.com/english/business/notas/bancredito-demands-transparency-and-completion-of-the-liquidation-of-the-bank/?utm_source=chatgpt.com" rel="noopener" target="_blank">El Nuevo D&iacute;a+1</a></p>

<p>The voluntary liquidation process for Bancr&eacute;dito began in <strong>August 2022</strong>, after ceasing operations. Since that time, the regional financial regulator designated Driven as the trustee responsible for managing the liquidation, ensuring the bank&rsquo;s assets are assessed, debts are settled, and depositors are paid. <a alt="https://www.elnuevodia.com/negocios/banca-finanzas/notas/bancredito-exige-transparencia-y-la-culminacion-de-la-liquidacion-del-banco/?utm_source=chatgpt.com" href="https://www.elnuevodia.com/negocios/banca-finanzas/notas/bancredito-exige-transparencia-y-la-culminacion-de-la-liquidacion-del-banco/?utm_source=chatgpt.com" rel="noopener" target="_blank">El Nuevo D&iacute;a+1</a></p>

<p>In its recent statement, Bancr&eacute;dito asserted that it has <strong>sufficient funds</strong> in its accounts to clear outstanding liabilities, including a substantial fine, to facilitate the syndication process and settle all its obligations. <a alt="https://www.elnuevodia.com/english/business/notas/bancredito-demands-transparency-and-completion-of-the-liquidation-of-the-bank/?utm_source=chatgpt.com" href="https://www.elnuevodia.com/english/business/notas/bancredito-demands-transparency-and-completion-of-the-liquidation-of-the-bank/?utm_source=chatgpt.com" rel="noopener" target="_blank">El Nuevo D&iacute;a+1</a></p>

<p>Bancr&eacute;dito emphasised that depositors have already begun to receive payments, but criticised that the <strong>liquidation remains in limbo</strong>. They called for the OCIF and the trustee to finalize the syndication and dissolution process. <a alt="https://www.elnuevodia.com/negocios/banca-finanzas/notas/bancredito-paga-a-sus-depositantes-pero-su-liquidacion-sigue-en-suspenso/?utm_source=chatgpt.com" href="https://www.elnuevodia.com/negocios/banca-finanzas/notas/bancredito-paga-a-sus-depositantes-pero-su-liquidacion-sigue-en-suspenso/?utm_source=chatgpt.com" rel="noopener" target="_blank">El Nuevo D&iacute;a+1</a></p>

<p>Additionally, the holding firm stressed the importance of transparency, insisting that all stakeholders be kept fully informed of the liquidation&rsquo;s progress. They want open accounting for how funds have been used, clear timelines, and full disclosure from the trustee. <a alt="https://www.elnuevodia.com/english/business/notas/bancredito-demands-transparency-and-completion-of-the-liquidation-of-the-bank/?utm_source=chatgpt.com" href="https://www.elnuevodia.com/english/business/notas/bancredito-demands-transparency-and-completion-of-the-liquidation-of-the-bank/?utm_source=chatgpt.com" rel="noopener" target="_blank">El Nuevo D&iacute;a+1</a></p>

<p>This demand comes amid overlapping legal and regulatory events: the founder, Julio Herrera Velutini, has pending legal matters; the bank had previously been fined by U.S. authorities; and depositors have waited for years to reclaim their funds. Bancr&eacute;dito&#39;s insistence signals growing impatience with delays.</p>