Regulatory Alerts2017-04-07 | SGDB N°022/2017Added · Updated
SGDB N°022/2017
The Central Bank of Bolivia debits the quarterly contribution to the Savings Protection Fund from the accounts of financial entities on April 17, 2017. The amount deducted equals 1.25 per thousand of the average daily public liabilities from the previous quarter. Financial entities are required to ensure sufficient funds are available in their current and reserve accounts to cover this deduction.
BCB-DGD-VUC 2017 APR -7 AM 8: 59 GENERAL PROCESS
CENTRAL BANK OF BOLIVIA PLURINATIONAL STATE OF BOLIVIA
EXTERNAL CIRCULAR N° La Paz, April 5, 2017 SGDB N° 022/2017
FROM: GENERAL MANAGEMENT MANAGEMENT OF FINANCIAL ENTITIES TO: FINANCIAL ENTITIES SUBJECT: QUARTERLY FEE – CONTRIBUTION TO THE SAVINGS PROTECTION FUND
Ladies and Gentlemen:
The Central Bank of Bolivia notifies financial entities that, in application of Article 518 of the Financial Services Law No. 393, it will debit the quarterly fee (contribution of Financial Entities) from their Current and Reserve Account or their Foreign Currency Reserve Account on April 17, 2017.
The debited amount will be equivalent to one point two five per thousand (1.25 ‰) of the daily average of obligations to the public from the previous quarter; therefore, we kindly request that you make the respective provision of funds.
Sincerely.
[Signature] RONALD O. PINTO RIBERA MANAGER OF FINANCIAL ENTITIES a.i. CENTRAL BANK OF BOLIVIA
[Signature] CARLOS A. COLODRO LÓPEZ GENERAL MANAGER a.i. CENTRAL BANK OF BOLIVIA
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