Regulatory Alerts2005-05-24 | Resolución 074/2005Added · Updated
Resolution 074/2005
The Board of Directors of the Central Bank of Bolivia revokes Resolution 083/2001, which previously mandated a fixed 12% interest rate for loan restructuring under the administration mandate with Banco Mercantil S.A. The resolution authorizes the BCB President to sign an addendum to the Administration Mandate Contract, restoring the original clause that allows interest rates to be modified based on current market conditions. Additionally, Article 27 of the Regulation on Portfolio Administration and Sale of Assets is amended to permit restructuring terms to be adjusted according to the timeframes applied by the Mandatary, rather than being strictly limited to a five-year cap.
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