Regulatory Alerts1999-03-30 | Resolución 022/99Added · Updated
Resolution 022/99 - Liquidity Credit to Banco Boliviano Americano S.A.
The Board of Directors of the Central Bank of Bolivia authorizes a liquidity credit of $12,000,000 USD to Banco Boliviano Americano S.A. at an annual interest rate of 16.27% for a term of 45 days, secured by a loan portfolio with a 2-to-1 collateral ratio. The bank is prohibited from granting new loans or making new investments from the date of contract signing, and the funds are restricted to covering reserve deficiencies, clearing house swap shortages, and overdrafts. Disbursements are conditional upon the provision of legal documentation for the collateral assignment, with an initial release of $3,000,000 upon contract signature.
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