RegAlert2019-06-26 | ASFI/CC-6758/2019Added · Updated
Resolution ASFI/541/2019 of June 26, 2019
Financial Intermediation Entities must evaluate and determine the appropriateness of restructuring credit operations for borrowers in the Municipality of Monteagudo affected by agricultural losses due to adverse climatic factors. These entities are required to submit monthly reports on approved and dismissed restructuring cases to the Financial System Supervisory Authority by the fifth business day of each month during 2019 and 2020. The directive mandates individual evaluations based on current debtor situations and allows for alternative solutions within a framework of solidarity assistance.
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La Paz, June 26, 2019
CIRCULAR LETTER/ASFI/DAJ/CC-6758/2019
Gentlemen:
Present
REF: PROCESS NO. T-2107727053
FINANCIAL SYSTEM SUPERVISORY AUTHORITY
PLURINATIONAL STATE OF BOLIVIA
RESOLUTION ASFI/541/2019 OF JUNE 26, 2019
Gentlemen:
For its application and strict compliance, attached hereto is Resolution ASFI/541/2019 of June 26, 2019, through which Financial Intermediation Entities are instructed to attend to and analyze requests for the restructuring of credit operations from borrowers affected by losses in agricultural production, caused primarily by adverse climatic factors, in the Municipality of Monteagudo of the Hernando Siles Province in the department of Chuquisaca, with the purpose of conducting an individual evaluation and defining in each case the appropriateness of carrying out the corresponding restructurings, which adjust to the current situation of each debtor.
Likewise, it establishes that Financial Intermediation Entities, during the years 2019 and 2020, must submit to the Financial System Supervisory Authority, by the fifth business day of each month, reports of information regarding restructurings of cases considered favorably, as well as those dismissed, based on the criteria determined in Circular Letter ASFI/DNP/CC-5895/2019 of June 5, 2019; as well as the possibility for Financial Intermediation Entities to evaluate other solutions for affected debtors, within the framework of a genuine will of solidarity assistance.
Sincerely.
Toll-free line: 800 103 103 • Website: www.asfi.gob.bo - Email: asfi@asfi.gob.bo.
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Source: Autoridad de Supervision del Sistema Financiero Bolivia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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