Regulatory Alerts1997-06-10 | Resolución 117/97Added · Updated
Resolution 117/97: Regulation for the Authorization of Banks as Accredited Financial Entities (EFA)
The Central Bank of Bolivia establishes the regulations, requirements, and procedures for authorizing banks as Accredited Financial Entities (EFA), enabling them to operate under the ALADI Reciprocal Payments and Credits Agreement and open market operations. Banks must maintain legal capital sufficiency, remain current with Central Bank obligations, keep non-performing loan ratios below 12% (gross) and 8% (net of provisions), and have operated for at least twelve months if newly created. The regulation outlines a compliance framework involving temporary suspensions for up to thirty days for violations, indefinite suspension by the Presidency for repeated offenses or negative audit opinions, and automatic transition for existing Intermediary Credit Institutions.
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