2023-07-12

Circular 2010/6

The regulatory authority issued Circular 2010/6 to establish mandatory rules and standards that financial institutions must follow. Banks are required to strictly apply these criteria when evaluating and approving debt write-off decisions. This directive standardizes the assessment process to ensure consistent risk management and accurate financial reporting across the banking sector.

Libya

Central Bank of Libya

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Circular 2010/6

Year: 2010

Regarding the Rules and Standards to Be Observed Before Taking Debt Write-Off Decisions by Banks

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