Regulatory Alerts2019-07-10
Circular Letter – Restructuring of Hotel Loans
The Bank of Haiti issued Circular Letter No. 09-1 on June 7, 2016, authorizing banks to restructure viable hotel loans with specific provisions and exemption from reserve requirements. This measure aims to support the hotel sector and broader economy amid stagnation and low occupancy rates during the 2015-2016 fiscal year. Banks are required to submit detailed quarterly reports to the central bank and maintain distinct accounting for these restructured assets.
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