Regulatory Alerts2021-11-04
Additional Notes to Circular 88-1
The Bank of the Republic of Haiti issued additional notes to Circular 88-1 to mandate the inclusion of verified Retained Earnings in the calculation of Core Tier 1 Capital. To facilitate the transition, the regulator permits a phased inclusion of current year Net Profits from June 2021 to March 2022, with percentages decreasing from 80% to 20% per quarter. Starting in June 2022, current year Net Profits will no longer be admitted in the calculation of regulatory capital.
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