Regulatory Alerts2024-08-15 | NRP-74Technical Standards on the Granting of Credits to Persons Related to Banks, Investment Banks, and Savings and Credit Societies
The Technical Standards Committee of the Central Reserve Bank of El Salvador issued these regulations to establish minimum guidelines for banks, investment banks, and savings and credit societies regarding loans to related parties. The document defines related persons based on ownership and administrative roles, sets a global credit limit of 5% of paid-in capital and reserves, and specifies which credit instruments are included in this calculation. It further outlines procedures for presumptive related credits, exemptions, and prohibitions on real estate financing for related parties.
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