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The Productive Development Bank (BDP) consolidated on April 8 a capital increase of 30 million dollars, which was determined with the contribution of resources from its shareholders.
The BDP is a Mixed Limited Company, whose partners are the State —with 80% of the shares—, and CAF Development Bank of Latin America, with 20%. For the capital increase paid for by shareholders, the Bolivian State contributed 24 million dollars and CAF 6 million US dollars.
The BDP will thus increase its Patrimonial Adequacy Capacity (CAP), a requirement of international practice, which as an indicator ensures the bank’s solvency to continue with the placement of productive loans.
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The capitalization process concludes after a meticulous work, which included the approval of a new Institutional Strategic Plan (PEI) of the BDP, a comprehensive risk diagnosis, the modification of the bylaws, improvements in the Corporate Governance policy and an agreement among the shareholders, according to a press release from the public finance company.
In 2021, the financial management of the BDP had a positive balance that is reflected in a growth in profitability indexes, reaching a 35% growth in net profits, the highest rate in the previous six years.
This achievement was possible thanks to an efficient management of liquidity and a restructuring of treasury operations, which resulted in an improvement in the gross financial margin, and in an essential improvement in the matching of terms and liquidity indicators.
