2025-12-09

Added 2026-06-03 · Updated 2026-09-12

IFRS 9 Guidelines to Deposit-Taking Microfinance Institutions

The regulator issued IFRS 9 guidelines requiring deposit-taking microfinance institutions to classify large SACCOs as savings and credit cooperatives with total deposits of at least one billion Rwandan Francs. The framework mandates impairment calculations based on an expected average default metric, derived by subtracting the expected recovery rate from exposure at default (EAD) and dividing by EAD. These standardized measurements ensure consistent credit risk assessment and capital adequacy across Rwandan microfinance entities under the new accounting standard.

Rwanda

National Bank of Rwanda

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1 Large SACCO is a Saving and Credit Cooperative with total deposits equal or above one billion Rwandan Francs (Frw 1,000,000,000)

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𝐄𝐀𝐃−𝐄𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐫𝐚𝐭𝐞 𝐄𝐀𝐃

Source: National Bank of Rwanda — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works