Regulatory Alerts2016-07-12 | SGDB N° 032/2016Added · Updated
SGDB No. 032/2016: Quarterly Contribution to the Savings Protection Fund
The Central Bank of Bolivia debits the quarterly contribution to the Savings Protection Fund from the current and reserve accounts of financial entities on July 15, 2016. The amount deducted is equivalent to 1.25 per thousand of the average daily public liabilities from the previous quarter, requiring entities to ensure sufficient funds are available.
B.C.B. / DGD-VUC
BANCO CENTRAL DE BOLIVIA ESTADO PLURINACIONAL DE BOLIVIA
EXTERNAL CIRCULAR
La Paz, July 11, 2016 SGDB No. 032/2016
FROM: GENERAL MANAGEMENT FINANCIAL ENTITIES MANAGEMENT TO: FINANCIAL ENTITIES SUBJECT: QUARTERLY FEE – CONTRIBUTION TO THE SAVINGS PROTECTION FUND
Ladies and Gentlemen:
The Central Bank of Bolivia informs financial entities that, in application of Article 518 of the Financial Services Law No. 393, it will debit the quarterly fee (contribution from Financial Entities) from their Current and Reserve Account or their Foreign Currency Reserve Account on July 15, 2016.
The debited amount will be equivalent to one point two five per thousand (1.25 ‰) of the average daily public liabilities of the previous quarter; therefore, we kindly request that you make the respective provision of funds.
Sincerely,
[Signature] ANGELA PORTUGAL MARIACA MANAGER OF FINANCIAL ENTITIES a.i. BANCO CENTRAL DE BOLIVIA
[Signature] CARLOS A. COLODRO LÓPEZ GENERAL MANAGER a.i. BANCO CENTRAL DE BOLIVIA
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