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January 23, 2008 |
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MUTUAL GUAPAY: Bolivian Banking Regulator Intervenes Firm A spokesperson of Bolivian banking regulator Superintendencia de Bancos y Entidades Financieras de Bolivia told Business News Americas that the watchdog has ordered the intervention of local savings and credit mutual institution Mutual Guapay. According to BNamericas, Mutual Guapay failed to comply with requests from the regulator to improve its financial situation. Mutual Guapay had negative equity of BOB62.1 million as of Nov. 30, 2007, BNamericas relates, citing the regulator. The regulator will will tender Mutual Guapay's assets and liabilities, BNamericas states. |
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