Regulatory Alerts2024-03-23 | 42/16Added · Updated
Amendments and Additions to the Regulation on Regulating the Debt Burden of Individual Borrowers
The Central Bank of Uzbekistan amends the Regulation on Regulating the Debt Burden of Individual Borrowers to redefine the debt burden calculation and thresholds. Starting July 1, 2024, the debt burden indicator is calculated based on the total sum and principal balance of all active credit agreements, with specific exemptions for family entrepreneurship programs and microcredit to self-employed individuals. The maximum allowable debt burden ratio is set at 60% until January 1, 2025, and 50% thereafter, while loan repayment periods exceeding 36 months (or 180 for mortgages) are amortized over those fixed terms for calculation purposes.
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