Regulatory Alerts1999-03-09 | Resolución 017/99Added · Updated
Resolution 017/99 - Financial System - Liquidity Credit to Banco Boliviano Americano S.A.
The Board of Directors of the Central Bank of Bolivia authorizes a liquidity credit of $8,000,000 USD to Banco Boliviano Americano S.A. to meet legal reserve requirements and temporary liquidity needs. The loan carries a 16.27% annual interest rate, a 90-day term, and is secured by a collateral portfolio with a 2:1 ratio and automatic debit rights. Banco Boliviano Americano is prohibited from granting new loans or making new investments from the contract date, except for exchange rate fluctuations, and must establish the collateral within seven business days.
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