Regulatory Alerts2018-08-23 | CD-SIBOIF-1069-3-AGOST23-2018Added · Updated
Norm on Asset Evaluation and Classification for the Production Development Bank
The Superintendency of Banks and Other Financial Institutions issued Resolution CD-SIBOIF-1069-3-AGOST23-2018 to establish minimum guidelines for the Production Development Bank (Produzcamos) regarding the evaluation and classification of risk assets. The resolution mandates specific overdue status thresholds for financial intermediary loans, setting 31 days for single-maturity credits and 61 days for installment loans. It also defines eligibility criteria for financial intermediaries, requires annual updates of debtor information, and repeals the previous norm from July 17, 2013.