Regulatory Alerts2020-09-10 | RESOLUCIONES DE DIRECTORIO Nº 096/2020Added · Updated
Board of Directors Resolution No. 096/2020
This resolution approves the Regulation of Liquidity Credits to the Productive Development Bank Mixed Corporation (BDP-S.A.M.), authorizing the Central Bank of Bolivia to grant liquidity credits backed by second-tier loan portfolios with a risk rating equal to or higher than A1 (A+). The funds must be channeled to Development Financial Institutions (IFD) and Savings and Credit Cooperatives (CAC) with a spread not exceeding 100 basis points, under terms of up to 90 days renewable up to three times at an annual interest rate of 2%. The regulation requires a collateral maintenance ratio of 1.5 to 1 between the guarantee portfolio and the liquidity credits, mandates operations solely in national currency, and obligates the BDP-S.A.M. to report financial conditions to the Central Bank within three business days following each disbursement.
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