Regulatory Alerts2019-11-21
DBFIA Practice Direction No. 2 Amendment (30 Sep 2019)
The Central Bank of Belize issued this Practice Direction to prescribe the methodology for evaluating and classifying loans and other assets held by licensees under the Domestic Banks and Financial Institutions Act. It mandates specific criteria for categorizing non-performing loans into Substandard, Doubtful, or Loss classes based on arrears duration, while establishing distinct timelines for agriculture and marine sectors. Licensees are required to conduct quarterly classification reviews and report classified facilities to the Central Bank via Bank Returns BR8 and BR8a.
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