Regulatory Alerts1998-07-07 | Resolución 065/98Added · Updated
Resolution 065/98 - Sale of Portfolio Ceded as Guarantee by BIDESA to the Central Bank of Bolivia
The Board of Directors of the Central Bank of Bolivia authorizes the competitive sale of the loan portfolio ceded as guarantee by the International Development Bank (BIDESA) to recover the liquidity credit extended under Resolution 163/97. The proceeds from the sale are applied first to repay the principal and accrued interest owed to the Central Bank, plus associated recovery expenses, with any remaining balance returned to the liquidated entity. The resolution also permits the waiver of penalty interest for borrowers who partially or fully amortize their obligations to incentivize recovery.
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