Regulatory Alerts2013-05-16 | RESOLUCIÓN DE DIRECTORIO Nº 050/2013Added · Updated
Board Resolution No. 050/2013: Regulation of Incentives for the Collection of Credit Portfolios Owned by the Central Bank of Bolivia and Administered from the Former National Pre-investment Institute
The Board of Directors of the Central Bank of Bolivia approves a regulation establishing debt collection incentives for borrowers and guarantors of credit portfolios owned by the Central Bank or administered from the former National Pre-investment Institute (Ex INALPRE). The regulation grants full forgiveness of penal, moratory, and judicial interest, as well as other charges, and partial forgiveness of current interest ranging from 70% to 95% based on principal balances expressed in US dollars, provided the debt is settled in a single cash payment. These incentives apply to portfolios from the former Bolivian American Bank, Crédito Oruro, Potosí, Del Progreso Nacional, San José Obrero Cooperative, and Ex INALPRE, with validity from May 15, 2013, to December 31, 2014.
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