2020-01-01

Guideline for Loan Classification and Provisioning for Impaired Assets

The Reserve Bank of Fiji issued revised guidelines requiring licensed financial institutions to classify impaired assets into five categories and maintain adequate provisions for credit losses. The document mandates specific provisioning ratios for substandard, doubtful, and loss assets while establishing strict review procedures for credit facilities and borrower assessments. These minimum standards aim to ensure prudent risk management, accurate asset quality reporting, and the long-term solvency of the banking sector.

Fiji

Reserve Bank of Fiji

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