Regulatory Alerts2010-04-06 | Resolución 050/2010Added · Updated
Resolution 050/2010 Modifying Resolution 092/2004 on Recovering Non-Performing Loans
The Board of Directors of the Central Bank of Bolivia modifies Resolution 092/2004 to establish new conditions for the forgiveness of penalties and administrative costs, as well as the restructuring of non-performing loans from the liquidated entities Banco de Crédito Oruro S.A., Banco del Progreso Nacional S.A.M., and Banco Potosí S.A. The amendment excludes loans from ex INALPRE and introduces specific eligibility criteria for restructuring, requiring positive cash flow projections and collateral with a minimum two-to-one ratio. It also defines payment schedules based on debt size: debts under $1,000 USD require a 50% principal payment with the remainder forgiven; debts between $1,000 and $5,000 USD require full principal payment with interest and penalties forgiven; and debts over $5,000 USD require full principal and recalculated interest payments with penalties and legal fees forgiven.
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