Regulatory Alerts2004-07-06 | Resolución 098/2004Added · Updated
Resolution 098/2004
The Board of Directors of the Central Bank of Bolivia ratifies the full text of Resolution 092/2004, approving the forgiveness of penal interest, court costs, and administrative expenses for the recovery of written-off credits from four liquidating financial entities: Banco de Crédito Oruro S.A., Banco del Progreso Nacional S.A.M., ex Banco de Potosí S.A., and ex INALPRE. This forgiveness is conditional upon borrowers paying their total debt in cash in the original currency, calculated as the principal plus current interest recalculated at the Reference Interest Rate (TRE) plus five percentage points for the period the portfolio is administered. The Presidency and General Management are tasked with executing and complying with this resolution.
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