Regulatory Alerts2026-01-09
Added · Updated
Circular Letter No. CC/2026/00000001
The Bank of Portugal maintains its supervisory expectations for less significant credit institutions regarding the coverage of non-performing exposures originated before 26 April 2019, aligning with ECB Guideline 2025/2595. Institutions must achieve full coverage levels by 31 December 2027 and submit their first annual report and assessment by 31 December 2025. The Bank of Portugal will annually inform affected institutions about reporting deadlines and models to ensure prudent coverage increases and resilience against adverse macroeconomic developments.