Day: Jun 11, 2020

Banks lend $130.5 mn to companies to pay salaries

Financial institutions in Bolivia have so far channeled Bs.900 million ($130.5 million) in loans to companies through the Employment and Labor Stability Support Plan. This figure represents 45% of the Bs2 billion ($290.02 million) committed by the State to guarantee the wages of workers affected by the paralysis of the economy.

Ecofuturo is soon to have a credit portfolio of $500mn

Ecofuturo, one of the youngest banking entities in Bolivia will have a credit portfolio of $500 million in the coming months, said the general manager of the entity, Gustavo Garcia. In an interview with La Razón, he said that as of May 31 the bank has 330,000 customers, including savings and current accounts and 70,000 credit customers.

Capstone Turbin signed first long-term FPP service contract in Bolivia

Capstone Turbine Corporation, the world’s leading clean technology manufacturer of microturbine energy systems, announced that it continues to expand its market presence in Latin America with its first long-term Factory Protection Plan (FPP) service agreement in Bolivia for a 600 kilowatt (kW) microturbine system. Despite the recent impact from Covid-19, the countries in Latin America represented 13% of Capstone’s total revenues in the fiscal year ended March 31, 2020, compared to 12% of total revenues in the prior fiscal year.