Regulatory Alerts1999-05-14 | Resolución 039/99Added · Updated
Board Resolution No. 039/99
The Board of Directors of the Central Bank of Bolivia authorizes a credit line of US$50,000,000 to provide financial support for the forced sale process of the Banco Boliviano Americano S.A. (BBA). The loan carries an interest rate of 8.96%, a term of seven days from contract signing, and requires a single payment at maturity, with collateral secured by the BBA's existing portfolio or other assets chosen by the Central Bank. The Intendente Vendedor must submit documented accounting of the funds used, which will be audited by the Central Bank, and the resources are designated to cover exchange deficiencies in the Clearing House and the BBA's current account.
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