Regulatory Alerts2024-06-05 | NRP-64Technical Standards on Credit Limits for Cooperative Banks
The Central Reserve Bank of El Salvador issued Technical Standards NBCR-04/2024 to regulate credit granting limits for cooperative banks. The regulations cap exposure to a single natural or legal person at ten percent of the bank's equity, requiring the aggregation of direct and contingent risks across economically linked groups. Compliance is enforced through mandatory internal audits, supervisory presumptions of linked debt, and sanctions for non-compliance.
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