Regulatory Alerts1998-12-17 | Resolución 110/98Added · Updated
Resolution 110/98
The Board of Directors of the Central Bank of Bolivia accepts a negotiated settlement with the Liquidating Intendancy of Banco del Progreso Nacional S.A.M., whereby the bank transfers all remaining assets to the Central Bank in exchange for debt forgiveness. The resolution authorizes the write-off of unrecognized claims and unpaid balances, the reversal of remaining provisions, and the corresponding accounting removal of these items. It further empowers the President to sign the settlement agreement and mandates the Legal Affairs Unit to submit the agreement to the Liquidation Judge and pursue recovery of any unpaid balance from the bank's former administrators.
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