By El Diario: No authority limits banking abuses Users have been complaining on social media about banks arbitrarily setting limits on card use abroad. Once again, Banco Económico reduced credit limits despite previously agreeing to a higher amount. Authorities remain passive, failing to intervene. Customers report that Banco Económico initially allowed up to $600 in…
Tag: ASOBAN
BNB, THE FOURTH MOST INNOVATIVE BANK IN LATIN AMERICA
Pagina Siete reports: In the XXVIII version of the most important event of Technology and Financial Innovation of Latin America (CLAB 2018), organized by the Latin American Federation of Banks (Felaban), which counted with the participation of more than 120 banks of the region, they were presented to the winners of the sixth edition of…
Bankers see a drop in deposits
El Deber reports: Bankers see a drop in deposits Due to the current economic situation, Asoban recognizes that there is a slight increase in the volume of arrears. Nelson Villalobos, executive secretary of the Association of Private Banks of Bolivia (Asoban), ruled out that in the financial sector there are liquidity problems and pointed out…
Banking Tax is criticized
Fides reports via Los Tiempos: Banking Tax is criticized The executive secretary of the Association of Private Banks of Bolivia (Asoban), Nelson Villalobos, assured that the increase in the additional aliquot of the Corporate Income Tax (IUE) of the financial sector will affect the issue of credits to the public, because it will prevent the…
Bolivia’s banking community adopts Swift’s KYC
Antony Peyton writes for Banking Technology: Bolivia’s banking community adopts Swift’s KYC Bolivia’s banking community has connected to Swift’s Know Your Customer (KYC) Registry, a centralised repository which maintains a standardised set of information about financial institutions required for KYC compliance. Since December 2014, the KYC Registry has been adopted by more than 2,350 financial…
How could Bolivia’s banking system be competitive if current Bolivian gov keeps on “creating” taxes?!
El Deber reports: Banking system to contribute 6% of profits to social function The cabinet approved a decree. Multiple banks will have to use 6% of their profits. Asoban sees trouble. The cabinet yesterday approved a supreme decree approving the participation of 6% of the profits of the bank, to be used to fund credit…
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