Juan Carlos Salinas reports for El Deber: Some banks exceed interest rate for savers In banks consulted, the new rate for depositors still does not apply. There are financial products that are above those indicated by the government decree. On a tour of the financial district of the capital Santa Cruz, it was found that…
Tag: ASOBAN
Banking Law: every man to his own trade
Current Bolivia government knows about this century’s economics as I can write and speak fluently in all the more than thirty indigenous languages of their pluri-multi-nation… Hilton Heredia reports for El Deber: Economists and banking see more risks in law The ‘ceiling and floor’ rates scare industry. The ASFI does not see problems The sole…
Bolivia to experience dollar black market due to governmental inefficiencies
An important warning that current government should consider seriously as in the past, the black market on dollar exchange has caused inflation, speculation and less competitiveness to our economic activities. From Los Tiempos: BY TAX BURDEN | The national private banking provides that it will have to abandon the sale of foreign currency because of…
The Bolivian State wants 50% of the private banks’ revenues
One more time, current Bolivian central government comes with the worst possible economic policy. Ernesto Estremadoiro Flores writes for El Dia: New law will control the sector utilities The State wants 50% of the banks’ revenues Figures. In 2012 this sector reported profits by $186 million dollars. The rest of the system generated only $35.7…
What Bolivia needs starting tomorrow? January 1st, 2013?
Henrry Ugarte A. writes for El Deber: Entrepreneurs see five challenges to continue growing in 2013 They believe that the ideal is to hold 5%, but suggest on agreeing on important laws, such as the banking and investment. They ask for either negotiate with the CAN before deciding admission to Mercosur. Linked to the trade,…
Moody’s reviews Bolivian private bank’s risk ratings
El Deber reports on Moody’s rating for Bolivian banks: The Moody’s agency brought in review risk premiums awarded to six entities operating in the country: Banco Mercantil Santa Cruz, Banco Solidario, Banco de Crédito de Bolivia, Banco Bisa, Banco Nacional de Bolivia and Banco Los Andes Procredit, in addition to the Bisa Leasing group. This, according to…
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