Regulatory Alerts2000-05-09 | Resolución 031/2000Added · Updated
Resolution 031/2000 - Approval of Credit to Banco Boliviano Americano S.A. for Forced Sale
The Board of Directors of the Central Bank of Bolivia authorizes a credit facility of up to $3,000,000 USD to the intervened Banco Boliviano Americano S.A. to settle liabilities and facilitate the closure of its operations. The loan carries a 7.96% annual interest rate, is secured by assets at a 1:1 ratio, and matures on May 14, 2000, with a possible 60-day extension. Disbursement is conditional upon the regularization of previous financial support and the removal of liens on the collateral assets.
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