BCEAO Advisory No. 002-01-2024 on the Accounting and Prudential Treatment of Exposures to Niger State Public Bonds

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ADVISORY NO. 002-01-2024 TO CREDIT INSTITUTIONS ON THE ACCOUNTING AND PRUDENTIAL TREATMENT OF EXPOSURES TO NIGER STATE PUBLIC BONDS

The Central Bank of West African States authorizes, on a temporary basis, credit institutions to maintain their exposures to Niger State public bonds within the category of performing loans. These exposures must be recorded in a specific account within the performing loans category. The contagion principle does not apply to these exposures.

The concerned credit institutions must report to the BCEAO and the UMOA Banking Commission information on the evolution of their exposures to Niger State public bonds, according to the template attached to this Advisory, no later than the 5th of each month.

Issued in Dakar on January 22, 2024

THE CENTRAL BANK OF WEST AFRICAN STATES

Avenue Abdoulaye FADIGA
BP 3108 – Dakar – Sénégal
Tél. (221) 33 839 05 00 / Fax (221) 33 823 93 35 courrier.bceao@bceao.int - www.bceao.int