Regulatory Alerts2005-10-21 | Resolución 131/2005Added · Updated
Resolution 131/2005
The Board of Directors of the Central Bank of Bolivia authorizes the President to sign the Fifth Amending Agreement to the Subsidiary Agreement between the Republic and the Central Bank of Bolivia, and the Fourth Amending Agreement to the Financing Subsidiary Agreement between the Central Bank of Bolivia and NAFIBO S.A.M. These agreements modify Clause Nine and Clause Eight respectively to establish a new interest rate for NAFIBO S.A.M. equal to the Reference Rate (TRE), with a floor of 2.7% annually, effective September 1, 2005. Additionally, the resolution mandates that NAFIBO S.A.M. communicate interest rate reductions to financial entities via loan contract amendments and directs the entity to focus on market creation and priority development activities where private banking is absent.
More like this from BCB
BCB published 7 documents in the last 30 days. We email you each new one the day it's published.