Regulatory Alerts2022-12-21
Added
DFIM Circular Letter No. 27: Loan/lease/investment classification of NBFIs
Financial institutions must not classify time loans, leases, or investments as non-performing if at least 50% of the installments due between October and December 2022 are paid by December 31, 2022. The remaining unpaid installments must be repaid in equal monthly or quarterly installments within one year following the original loan's maturity, with no penalty interest or additional fees charged for this extended period. This directive applies to Islamic Shariah-based investments and extends benefits to accounts previously rescheduled under Circular No. 10/2022.
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