Regulatory Alerts2024-01-22
BCEAO Advisory No. 002-01-2024 on the Accounting and Prudential Treatment of Exposures to Niger State Public Bonds
The Central Bank of West African States (BCEAO) temporarily permits credit institutions to classify their exposures to Niger State public bonds as performing loans, mandating that they be recorded in a dedicated account and exempted from contagion rules. Affected institutions must submit monthly updates on these exposures to the BCEAO and UMOA Banking Commission using an attached template by the 5th of each month. This measure ensures transparent monitoring and maintains prudential stability for West African banks holding Niger sovereign debt.
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