Regulatory Alerts2003-10-30
Added · Updated
Capital Adequacy
The Bank of Namibia issued this determination under the Banking Institutions Act, 1998 to standardize how authorized banks classify loans, suspend interest on non-performing assets, and calculate loan loss provisions. The regulation mandates quarterly board-level reviews of portfolio quality, establishes five specific grading criteria from Pass to Loss, and requires timely reversal or write-off of accrued interest for non-accrual assets. Banks must maintain adequate specific and general provisions, ensure accurate financial reporting, and implement structured remedial measures for problem credits.
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