Regulatory Alerts2016-06-07
Circular No. 108: Agricultural Sector Credit
The Bank of the Republic of Haiti issued Circular No. 108 to establish reserve requirements for agricultural and livestock credit, granting a preferential regime that exempts banks from holding mandatory reserves on gourda-denominated funds used for these specific activities. Banks are required to submit detailed quarterly reports on the evolution of such credit by the end of each quarter, attaching the prescribed model to their risk concentration reports under Circular 83-4. Failure to comply with the reporting obligations subjects the bank to late transmission penalties, and the circular entered into force on June 15, 2016.
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