Regulatory Alerts2015-09-07
05 Restructuring of Loans and Creation of Specific Provisions
The Bank of the Republic of Haiti issued Circular Letter No. 05 to authorize commercial and savings banks to redefine the terms of performing loans before January 12, 2010. Banks must establish a specific provision of 2% for any loans restructured under this authorization. The directive excludes non-performing loans or those restructured prior to the specified date and remains effective until further notice.
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