Banco Fassil SA said its board approved the creation of an insurance project division and appointed several managers for the initiative.

The Bolivian bank named Mario Edmundo Aguirre Durán as insurance project manager, Claudia Patricia Justiniano Mercado as deputy operations manager for the project, and Luis Mauricio Franco Melazzini as technical manager for the new area, effective July 2.

The company also appointed Sergio Eduardo Moreno Velez as its deputy manager of business intelligence, effective the same day.