Regulatory Alerts2000-04-11 | Resolución 024/2000Added · Updated
Resolution 024/2000 Approving Credit to Banco Boliviano Americano S.A. for Forced Sale
The Board of Directors of the Central Bank of Bolivia approves a credit line of up to $2,000,000 to the intervened Banco Boliviano Americano S.A. to cover social benefits and operational expenses during its forced sale process. The loan carries a 7.88% annual interest rate, matures on May 11, 2000, and is secured by assets detailed in Annex 1 at a 1:1 ratio. Prior to disbursement, the bank must submit a closure plan and pro forma balance sheet, and settle all pending operations with the Central Bank within five business days of signing the contract.
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