Regulatory Alerts1998-05-27 | Resolución 057/98Added · Updated
Resolution 057/98: Authorization for Partial Subrogation and Return of BIDESA Deposits
The Board of Directors of the Central Bank of Bolivia authorizes the cash return of up to US$5,000 and the partial subrogation via Certificates of Deposit (CDDs) for fixed-term deposits held at BIDESA after October 31, 1997. This authorization applies exclusively to depositors whose accounts have been reviewed by the Liquidator and certified as having no observations. The execution of these returns and subrogations must strictly adhere to the norms, criteria, limits, and procedures established in previous BCB Resolutions 170/97, 020/98, and 033/98. The Superintendence of Banks and Financial Entities is responsible for initiating legal actions to recover funds if subsequent observations arise regarding the legitimacy of the returned deposits.
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