Regulatory Alerts2015-10-20 | 14/5Added · Updated
Approval of the Regulation on Classifying Asset Quality in Commercial Banks and Forming and Using Reserves for Potential Losses
The Central Bank of Uzbekistan approves a regulation requiring commercial banks to classify assets into five quality categories: standard, substandard, impaired, doubtful, and hopeless. The rule mandates the formation of mandatory special reserves to cover potential losses on non-standard assets and establishes specific thresholds for overdue debt (e.g., 91-180 days for impaired, 181-365 days for doubtful) that trigger downgrades. It also defines criteria for upgrading asset quality upon repayment and sets limits on the share of problematic assets in total assets.
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