Bill that proposes loan deferrals and suspension of embargoes would have a $2.6b liquidity impact in Bolivian banking system, the country’s private bank association ASOBAN said in a statement sent by text message.
- Measures would hit banks’ liquidity and threaten the solvency of the financial system, ASOBAN said
- The bill, still under discussion in congress, would include credits of 1.4m borrowers, equal to 73% of total borrowers: statement
- NOTE: Bolivia’s Finance Ministry said in early September that the bill, proposed by the government, wouldn’t affect the financial system and that potential deferrals wouldn’t exceed 3% of the credit portfolio
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