The Bank is a development and investment bank, which is a special-budget incorporated company, subject to provisions of private law, having a legal personality.
The Bank is subject to its own special law (Law no. 6107) and Banking Law no. 5411.
OBJECTIVES OF THE BANK
The objectives of the Bank are as follows:
Meet the financing needs of Special Provincial Administrations and Municipalities;
Develop projects for local joint services;
Provide consultancy and audit services;
Mediate all kinds of fund transfers from the national government to local governments;
And perform all kinds of development and investment banking functions.
