Regulatory Alerts2009-06-16 | Resolución 069/2009Added · Updated
Resolution 069/2009: Regulation on Incentives for the Collection and Restructuring of Credit Portfolio Owned by the Central Bank of Bolivia
The Central Bank of Bolivia approves a regulation granting debtors of specific non-performing portfolios (Ex-BBA, Old Delinquent, Progreso, Potosí, and Oruro Credit Bank) temporary incentives for full payment or restructuring of debts. For full payment, debtors receive interest forgiveness ranging from 70% to 95% on current interest and 100% on penal and moratory interest, based on capital balances up to $50,000 USD. For restructuring, debtors benefit from similar interest forgiveness and minimum capital payment requirements ranging from 5% to 50%, with new loan terms capped at 2 years for consumer credits and 10 years for commercial credits at a rate of TRE plus 1 percentage point. These benefits are effective from July 1, 2009, through December 31, 2010.
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