Regulatory Alerts2015-09-07
Circular No. 04: General Provision on Loan Portfolio
The Bank of the Republic of Haiti issued Circular No. 04 to mandate that commercial and savings banks establish a quarterly general provision of 1.25% for doubtful claims on loans lacking specific provisions, effective March 16, 2009. This directive explicitly abrogates point 3 of Circular 87 regarding the general provision requirement. The regulation applies to all banking establishments operating within the territory of the Republic of Haiti.
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