Regulatory Alerts2024-12-19
Added · Updated
Regulation No. 86/2024 on Credit Facilities Classification and Provisioning for Banks
The National Bank of Rwanda issued Regulation No. 86/2024 to standardize how banks classify credit facilities into five risk categories and calculate corresponding provisioning requirements. The regulation establishes detailed criteria for normal, watch, substandard, doubtful, and loss classifications while mandating specific provisions for restructured facilities, collateral valuation, and significant exposures under International Financial Reporting Standards. Banks must implement these classification and provisioning frameworks, submit regular reports to the central bank, and face corrective actions or penalties for non-compliance.
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