2024-10-17

Circular Letter No. CC/2024/00000035

Banco de Portugal issued Circular Letter No. CC/2024/00000035 to disclose supervisory expectations regarding the identification and marking of borrowers in financial difficulty and restructured personal loans. The directive mandates that credit institutions implement specific policies and procedures to accurately classify non-performing exposures and track the performance of restructured credits. This measure aims to enhance transparency and prudential oversight within the Portuguese banking sector.

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Banco de Portugal

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Circular Letter No. CC/2024/00000035

Summary Discloses supervisory expectations regarding policies and procedures for the identification and marking of borrowers in financial difficulty and restructured personal loans.

Status In force

Official Journal 10/2024

Supplement

Publication Date 17-10-2024

Issue Date 16-10-2024

Recipient Type Credit Institutions

Descriptors Housing Credit, Client, Connected Credit, Consumer Protection, Information Provision, Supervision, Prudential Standards, Consumer Credit, Information Disclosure, Loan

Recipients Banks, Central Credit Cooperative Bank, Agricultural Credit Cooperatives, Savings Banks, Mortgage Credit Institutions, Credit Financial Institutions

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