Regulatory Alerts2018-12-27
National Bank of Rwanda Directive 2500/2018-09 on Foreign Currency Lending
The National Bank of Rwanda issues Directive 2500/2018-09 to establish lending conditions for resident banks extending foreign currency loans to domestic and international borrowers. Eligible legal entities must demonstrate a turnover exceeding RWF 50 million, maintain foreign currency income streams covering at least 150 percent of loan installments, and mitigate foreign exchange risk while ensuring repayment in the borrowed currency. The directive mandates regular reporting to the Central Bank, enforces prudential limits on related-party transactions and large exposures, and formally repeals the previous 2016 lending directive.
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