Regulatory Alerts1997-01-23
Added
Circular Letter No. 3/97/DOC - Credit Lines Manual: Codes 658, 667, 885, and 886
Banco de Portugal updates the Credit Lines Manual by replacing existing lines with codes 658 and 885 and introducing new lines with codes 667 and 886 to align with Decree-Laws 104/96, 105/96, and 106/96. The new codes define specific credit facilities for housing recovery involving private beneficiaries (condominium owners and tenants) and public administration bodies (municipal councils), detailing eligible works, maximum durations, competent institutions, and refinancing restrictions. These changes apply to designated financial institutions including Caixa Geral de Depósitos, Montepio Geral, and various banks.
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