Fassil Bank in Bolivia Approaching Liquidation as Trouble Increases


Fassil, one of Bolivia’s largest banks, is facing liquidation due to its inability to meet the requirements laid out by the Bolivian Central Bank. The bank has faced numerous financial issues since 2017, and has been unable to attract outside investment. Fassil has already started the process of liquidation, which could have widespread effects on the Bolivian economy. As the bank has been a major source of short-term capital for businesses, its closure could lead to rising interest rates and a decrease in small business lending. It is important for the Bolivian government to act swiftly to mitigate the negative impacts of the bank’s closure.