Regulatory Alerts2018-11-01
IBA Circular No. 1 of 2018: Classification of Loans and Other Assets for Banks
The Central Bank of Belize issued this circular to prescribe the methodology for evaluating and classifying loans and other assets held by international banking licensees. It mandates specific criteria for categorizing assets as Special Mention, Pass, Substandard, Doubtful, or Loss based on arrears duration and borrower financial weakness, with distinct timelines for the agriculture and marine sectors. Licensees are required to conduct quarterly classification reviews and report classified facilities to the Central Bank using specified return forms.
Share