Regulatory Alerts2000-08-01 | Resolución 051/2000Added · Updated
Resolution 051/2000: Settlement of Obligations of the Intervened BBA for Forced Sale
The Board of Directors of the Central Bank of Bolivia authorizes the acceptance of assets from the intervened Banco Boliviano Americano S.A. (BBA) in payment of its debts to the Central Bank, totaling $US 1,995,366.45 as of August 1, 2000. This settlement includes a Cochabamba building valued at $US 638,007.00 (net of legal contingencies), various movable and immovable assets, cash, and a credit balance of $US 139,338.72. The resolution permits the BCB to assume legal contingencies attached to the property and allows the BBA or its designee to pay any excess liability to release the asset. The President of the BCB is authorized to sign the respective contracts with the Selling Superintendent to finalize this diverse payment arrangement.
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