Regulatory Alerts1999-12-21 | Resolución 114/99Added · Updated
Resolution 114/99
The Board of Directors of the Central Bank of Bolivia authorizes Banco Boliviano Americano to establish provisions for a purchased loan portfolio with a repurchase agreement over a six-year period from 1999 to 2004. The resolution mandates specific annual provision amounts ranging from $6,000,000.00 in 1999 to $10,326,304.00 in 2004 to distribute potential losses associated with the portfolio delivered via irregular commercial deposit. The Presidency and General Management are tasked with executing and ensuring compliance with this resolution.
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