Regulatory Alerts2011-06-14 | Resolución 072/2011Added · Updated
Resolution 072/2011 Approving Modification to the Legal Reserve Regulation
The Board of Directors of the Central Bank of Bolivia amends Article 6 of the Legal Reserve Regulation to introduce specific deductions for gross loan portfolios. Banks and Private Financial Funds may deduct increases in productive sector loans in national currency and UFV relative to the September 30, 2010 balance, up to 100% of the cash reserve requirement and 40% of the securities requirement. Mutuals and Cooperatives may deduct increases in their total gross portfolio under the same conditions, with the base date adjusted to September 30, 2010, and provisions established for entities licensed after this date. The modification enters into force on July 11, 2011.
More like this from BCB
BCB published 6 documents in the last 30 days. We email you each new one the day it's published.