Regulatory Alerts2001-11-06 | Resolución 110/2001Added · Updated
Resolution 110/2001
The Board of Directors of the Central Bank of Bolivia approves specific terms and conditions for the restructuring of credit portfolios administered by FinanciaCoop Ltda. on behalf of the Bank. Eligible loans must demonstrate sufficient positive cash flows, retain the original 7.5% annual interest rate, and maintain maturity dates within the original contract limits. The resolution mandates monthly, bimonthly, quarterly, or semiannual amortizations, requires collateral coverage of at least 100% based on 64% of commercial value, and authorizes the waiver of penal interest accrued through December 31, 2001, upon settlement or restructuring.
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