Examples of Hipotecario in a sentence
In accordance with Article 32 of the Development Banking System Act (Law No. 8634), all State-owned banks, except Banco Hipotecario para la Vivienda (BANHVI), must appropriate each year at least five percent (5%) of their net earnings after income taxes to create and strengthen their own development funds.
In accordance with article 32 of the Development Banking System Act No. 8634, all State-owned banks, except Banco Hipotecario para la Vivienda (BANHVI), shall appropriate each year at least five percent (5%) of their net earnings after income taxes to create and strengthen their own development funds.
In accordance with article 32 of the Development Banking System Act No. 8634, all State- owned banks, except Banco Hipotecario para la Vivienda (BANHVI), shall appropriate each year at least five percent (5%) of their net earnings after income taxes to create and strengthen their own development funds.
The estimates directly impact when the Company defers exploration and evaluation expenditure.
On March 25, 1999, the Trust Agreement was signed between the Mortgage Fund for Housing Promotion (FONDO Hipotecario de Promoción de la Vivienda – MIVIENDA, now FONDO MIVIVIENDA S.A.) and Corporación Financiera de Desarrollo S.A. - COFIDE.
Others reduced their scale and were privatized, for example the Banco Hipotecario and most provincial banks.
On March 25, 1999, a Trust Agreement was signed between the Fondo Hipotecario de Promoción de la Vivienda - MIVIVIENDA (Mortgage Fund for Housing Promotion), (now Fondo MIVIVIENDA S.A.) and Corporación Financiera de Desarrollo S.A. (COFIDE).
In accordance with article 32 of Law No. 8634 “Development Banking System Act”, all State-owned banks, except Banco Hipotecario para la Vivienda (BANHVI), shall appropriate each year at least five percent (5%) of their net earnings after income taxes to create and strengthen their own development funds.
The aforementioned Law N° 28579 provided for the conversion of the former Mortgage Fund for Housing Promotion (Fondo Hipotecario de Promoción de la Vivienda – Fondo MIVIVIENDA) into a corporation named Fondo MIVIVIENDA S.A. effective as of January 1, 2006.
Its purpose was the creation of a trust trough which COFIDE receives the resources from the Fund and acts as the trustee on behalf of the Fund, in order to channel the funds for loans to final borrowers through the IFIs that desire to use them to finance the acquisition or improvement of home and residences, in accordance with article 12 of Supreme Decree N° 001-99-MTC “Regulations on the Fondo Hipotecario de Promoción de la Vivienda – Fondo MIVIVIENDA”.