Bolivian banks reprogrammed 51% of their loan portfolio and defaults rose 6%.

Between January and May 2020, the national financial system’s defaults rose by 6 percent and loan portfolio rescheduling increased by 51 percent compared to the same period in 2019, reported the executive secretary of the Association of Private Banks of Bolivia (Asoban), Nelson Villalobos. The post-election crisis of October and November last year, and the coronavirus pandemic are the causes of these changes.

Source: Los Tiempos