Regulatory Alerts2019-11-18 | ASFI/CC-12256/2019Added · Updated
ASFI Circular Letter DNP CC-12256 2019 of November 18, 2019
Financial Intermediation Entities must individually evaluate reprogramming requests from borrowers affected in their economic activity, assessing their new repayment capacity. Entities may also offer alternative solutions such as grace periods with conditions adjusted to the credit characteristics and the borrower's situation. The document clarifies that reprogramming a credit does not automatically result in changing the debtor's classification to a higher risk category.
La Paz, November 18, 2019 CIRCULAR LETTER/ASFI/DNP/CC-12256/2019
To Whom It May Concern
Present
REF: PROCEDURE NO. T-2107723361 REPROGRAMMING OF CREDIT OPERATIONS FOR BORROWERS
Gentlemen:
Within the framework of current regulations, Financial Intermediation Entities (EIFs) are authorized to attend to and analyze requests for reprogramming from those borrowers who have been directly or indirectly affected in their economic activity. Such evaluation must be conducted individually, based on an assessment of the particular situation and impact on each of them, as well as their new repayment capacity.
Likewise, it should be noted that in response to these reprogramming requests, EIFs may also evaluate other solution measures for affected debtors, such as grace periods and others that contemplate accessible conditions, adjusted to the characteristics of the credit and the current situation of each borrower's repayment capacity. It must also be taken into account that a
AGL/VRC/JZL/Gino Rivera R.
La Paz: Central Office, Plaza Isabel La Católica No. 2507 · Tel: (591-2) 2174444 - 2431919 Fax: (591-2) 2430028 · P.O. Box No. 447 · Condominio Torres Del Poeta, Tower "A", floors 4, 5, 6 · Calle Reyes Ortiz Esq. Federico Zuazo Gundlach Building, East Tower, Floor 3 · Tel: (591-2) 2311818 · P.O. Box No. 6118. El Alto: Consultation Center, Villa Bolívar Municipal Urbanization, Block "O" Av. Ladislao Cabrera No. 15 (Villa Adela Crossing) · Tel: (591-2) 2821464. Potosí: Consultation Center, Plaza Alonso de Ibáñez No. 20, Galería El Siglo, Floor 1 · Tel: (591-2) 6230858. Oruro: Consultation Center, Pasaje Guachalla, Commercial Chamber Building, Floor 3, Office 307 · Tel: (591-2) 5117706 - 5112468. Santa Cruz: Departmental Office, Av. Irala No. 585, Office 201, P.O. Box No. 1359 · Tel: (591-3) 3336288 Fax: (591-3) 3336289. Cobija: Consultation Center, Calle Beni No. 042 corner Av. Teniente Coronel Emilio Fernández Molina, Central Neighborhood · Tel: (591-3) 8424841. Trinidad: Consultation Center, Calle Antonio Vaca Diez No. 26 between Nicolás Suárez and Av. 18 de Noviembre, Central Zone · Tel/Fax (591-3) 4629659. Cochabamba: Departmental Office, Calle Colombia No. 364 near Calle 25 de Mayo · Tel: (591-4) 4584505 Fax: (591-4) 4584506. Sucre: Consultation Center, former ECOBOL Building, ground floor, between Ayacucho and Junín Streets S/N · Tel: (591-4) 6439777 - 6439775 - 6439774. Fax: (591-4) 6439776. Tarija: Consultation Center, Calle Junín No. 0451, between 15 de Abril and Virgilio Lema · Tel: (591-4) 6113709
reprogramming does not imply the automatic change of the debtor's classification to a higher risk category.
Sincerely.
Original signed by Lic. Ivette Espinoza Vásquez GENERAL DIRECTOR EXECUTIVE a.i. FINANCIAL SYSTEM SUPERVISORY AUTHORITY
AGL/VRC/JZL/Gino Rivera R.
La Paz: Central Office, Plaza Isabel La Católica No. 2507 · Tel: (591-2) 2174444 - 2431919 Fax: (591-2) 2430028 · P.O. Box No. 447 · Condominio Torres Del Poeta, Tower "A", floors 4, 5, 6 · Calle Reyes Ortiz Esq. Federico Zuazo Gundlach Building, East Tower, Floor 3 · Tel: (591-2) 2311818 · P.O. Box No. 6118. El Alto: Consultation Center, Villa Bolívar Municipal Urbanization, Block "O" Av. Ladislao Cabrera No. 15 (Villa Adela Crossing) · Tel: (591-2) 2821464. Potosí: Consultation Center, Plaza Alonso de Ibáñez No. 20, Galería El Siglo, Floor 1 · Tel: (591-2) 6230858. Oruro: Consultation Center, Pasaje Guachalla, Commercial Chamber Building, Floor 3, Office 307 · Tel: (591-2) 5117706 - 5112468. Santa Cruz: Departmental Office, Av. Irala No. 585, Office 201, P.O. Box No. 1359 · Tel: (591-3) 3336288 Fax: (591-3) 3336289. Cobija: Consultation Center, Calle Beni No. 042 corner Av. Teniente Coronel Emilio Fernández Molina, Central Neighborhood · Tel: (591-3) 8424841. Trinidad: Consultation Center, Calle Antonio Vaca Diez No. 26 between Nicolás Suárez and Av. 18 de Noviembre, Central Zone · Tel/Fax (591-3) 4629659. Cochabamba: Departmental Office, Calle Colombia No. 364 near Calle 25 de Mayo · Tel: (591-4) 4584505 Fax: (591-4) 4584506. Sucre: Consultation Center, former ECOBOL Building, ground floor, between Ayacucho and Junín Streets S/N · Tel: (591-4) 6439777 - 6439775 - 6439774. Fax: (591-4) 6439776. Tarija: Consultation Center, Calle Junín No. 0451, between 15 de Abril and Virgilio Lema · Tel: (591-4) 6113709