Regulatory Alerts2022-12-16
Circular 115-2 on Loans Granted to Customers
The Bank of the Republic of Haiti issued Circular 115-2 to permit credit institutions and microfinance entities to grant loan moratoria and restructure loans affected by current socio-political troubles. The regulation establishes specific eligibility criteria, provisional moratorium periods ending in March 2023, and reduced minimum provisioning rates for restructured loans to maintain financial stability. Institutions are mandated to report electronically on these measures and obtain prior non-objection from the central bank for dividend distributions during the 2021-2022 fiscal year.
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