Regulatory Alerts1999-09-09 | Resolución 074/99Added · Updated
Board Resolution No. 074/99
The Central Bank of Bolivia denies the request to extend the credit line granted to the intervened Banco Boliviano Americano S.A. (BBA) and authorizes the liquidation of the contract upon its maturity on September 14, 1999. The Bank is authorized to accept assets in payment of the outstanding debt up to a book value of $34 million, subject to a conditional price clause pending the final valuation by KPMG Peat Marwick. The cancellation of the credit line will be recorded against transitional accounts until the external audit determines the definitive value of the assets.
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