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: savings
At last some positive news for Bolivian savers
El Diario reports: Former BCB president passes from review to approval The former president of the Central Bank of Bolivia, academic Armando Mendez, expressed favorable views on the decision of the Cabinet on Wednesday [07/10/2014], when approved the 2055 Decree setting ceilings for credit operations to the productive sector in a range of 6.0 to…
Are we encouraged to save under the Bolivian banking system?
Lidia Mamani reports for Pagina Siete: IT IS THE SECOND REGULATION OF THE FINANCIAL SERVICES ACT Government will define the rates that banks pay savers The standard will set new passive rates for people who have savings and term deposits (DPF), which are currently set by the authorities. Government will define passive interest rates that…
BancoSol taught how to save to more than 16,000 school children
Pagina Siete reports something that is very useful for our children! BancoSol taught to save more than 16,000 school children Financial education of BancoSol program trained more than 16,000 school children in the cities of La Paz, El Alto, Cochabamba and Santa Cruz, with which several months before the end of the school year exceeded…
Bolivian banking system 101: is it profitable to save? do we have an alternative?
An interesting and clear economic analysis by Karina Moreno Sainz in El Deber: How much banks pay savers? Saving is the act by which a part of the possible present consumption is waived in order to achieve an increase of future consumption. This sacrifice requires compensation, which comes to be passive interest rate, sometimes, more…
Are your savings (remittances) safe? Is the TIPNIS safe? Is ‘evo cumple’ safe?
Today I want to share three main issues that we must be aware of: Remittances – Savings: Most Bolivians working abroad, do have a serious commitment, to send their income to their families back home. To cover loans, build up a house and for daily expenses. Hard labor, working stressed with the phantom of deportation,…
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