Regulatory Alerts1997-11-17 | Resolución 163/97Added · Updated
Resolution 163/97 - Liquidity Loan to Banco Internacional de Desarrollo S.A. (BIDESA)
The Central Bank of Bolivia grants Banco Internacional de Desarrollo S.A. (BIDESA) an exceptional liquidity loan of up to $US 5,000,000 for a 30-day term at an annual interest rate of 16.63%. The loan is secured by a credit portfolio with a 2-to-1 collateral ratio and must be used exclusively to cover exchange deficiencies in the Clearing House. BIDESA is prohibited from increasing its loan or investment portfolio during the credit's validity and must submit daily liquidity reports. The bank must comply with strengthening plan conditions by November 28, 1997, or face denial of future credit renewals.
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