Regulatory Alerts2022-01-07 | CIEX N° 2/2022Added · Updated
CIEX No. 2/2022: Constitution of the Fund for Credits Destined to the Productive Sector - CPRO
The Central Bank of Bolivia establishes the Fund for Credits Destined to the Productive Sector (CPRO) using resources released from the reduction of Legal Reserve Rates for national and foreign currency, effective January 10, 2022. Financial Intermediation Entities (EIFs) must contribute to this fund based on their available Legal Reserve Funds, which serve as collateral for loans they may request from the Central Bank starting January 18, 2022. Monthly monitoring of loan portfolio growth begins with declarations due by the fifth business day of February 2022, excluding credits already reported in other specific funds.
Topics
monetary
credit
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