Regulatory Alerts2000-03-29 | Resolución 021/2000Added · Updated
Resolution 021/2000
The Board of Directors of the Central Bank of Bolivia authorizes the receipt of a credit portfolio valued at US$52,626,304.40 from the Boliviano Americano Bank (BBA), which was held in an Irregular Commercial Deposit. This action resolves the Credit Assignment Agreement with Redemption Pact signed between the Central Bank and the BBA on March 1, 1996, due to the forced sale intervention of the BBA. The resolution permits the Central Bank to retain all future recoveries of capital and interest after the January 31, 2000 cutoff date and authorizes the President of the Central Bank to sign the necessary documents with the BBA's Selling Administrator.
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