Regulatory Alerts2022-09-19
Added · Updated
Instruction No. 215 on the Procedure for Forming and Using the Reserve and Fund for Covering Potential Asset Losses
Instruction No. 215 establishes a unified procedure for credit organizations in Tajikistan to form and use a reserve for credit risks and a fund for covering potential asset losses. It mandates the classification of loans into five groups (standard, under observation, non-standard, doubtful, and bad) based on financial status and overdue days, with specific minimum fund percentages ranging from 2% to 100% depending on the group and currency. The regulation requires regular asset quality assessment, automated monitoring systems, and detailed reporting to the National Bank of Tajikistan, while also defining rules for overdrafts, loan restructuring, and the acquisition of collateral.
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