Regulatory Alerts2015-09-07
06 Housing Loans and Mandatory Reserves
The Central Bank of Haiti issued Circular Letter 06 to exempt commercial and savings banks from mandatory reserve requirements on Gouda resources used for housing loans, aiming to reduce credit costs and support post-earthquake reconstruction. This exemption applies to loans for residential acquisition, construction, repair, or improvement, as well as loans for mixed-use residential, commercial, and industrial buildings, effective from August 1, 2010. Additionally, the sectoral credit concentration ceiling for housing loans is increased from 25% to 50% under Circular 83-4.
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