Regulatory Alerts2004-06-29 | Resolución 092/2004Added · Updated
Resolution 092/2004
The Board of Directors of the Central Bank of Bolivia approves the forgiveness of penal interest, judicial costs, and administrative expenses for the recovery of written-off loans from four financial entities in liquidation: Banco de Crédito Oruro S.A., Banco del Progreso Nacional S.A.M., ex Banco de Potosí S.A., and ex INALPRE. This waiver is conditional upon borrowers paying the total debt in cash, consisting of the principal plus recalculated current interest at the Reference Interest Rate (TRE) plus five percentage points. The resolution mandates the General Management to execute and comply with these terms.
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