Regulatory Alerts2012-05-04 | SGDB N° 024/2012Added · Updated
SGDB N° 024/2012
The Central Bank of Bolivia requires financial entities to submit information on current savings products, including savings accounts and time deposits, for the first quarter of 2012 by May 11, 2012. The report must include the product name, validity period, currency, interest rate, minimum and maximum amounts, number of accounts, and average account balance. Financial institutions must update this information quarterly within five business days following the end of each quarter.
[Logo: BANCO CENTRAL DE BOLIVIA 1928]
-7 MAY 2012 14 25 GENERAL CORRESPONDENCE SENT OUT
EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA
La Paz, May 04, 2012 SGDB No. 024/2012
FROM: GENERAL MANAGEMENT FINANCIAL ENTITIES MANAGEMENT TO: FINANCIAL ENTITIES SUBJECT: SAVINGS PRODUCTS
Ladies and Gentlemen:
The Central Bank of Bolivia (BCB) requests information from financial intermediation entities regarding current savings products (savings accounts and time deposits). The information corresponding to the first quarter of 2012 must be sent to the Financial Entities Management of the BCB by 05/11/12 and must contain at least the following:
- Product name
- Validity (start and end dates)
- Currency
- Interest rate
- Minimum and/or maximum amount, if applicable
- Number of accounts per product
- Average amount of accounts per product
Financial entities must update this information on a quarterly basis, no later than five (5) business days after the end of each quarter.
Sincerely,
[Signature] CRO/MMV/MAAM/OID/ROA