Regulatory Alerts1998-02-26 | Resolución 019/98Added · Updated
Board Resolution No. 019/98: Financial System - Liquidity Credit to Banco de La Paz S.A.
The Board of Directors of the Central Bank of Bolivia grants Banco de La Paz S.A. a liquidity credit of up to US$20,000,000 to cover deposit outflows and liquidity mismatches. The loan carries a 13.82% annual interest rate, a 90-day term with a single repayment at maturity, and is secured by a credit portfolio valued at twice the loan amount. Banco de La Paz S.A. is prohibited from increasing its loan or investment portfolio during the credit's validity and must submit daily liquidity reports to the Central Bank.
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