Regulatory Alerts2013-12-19 | CD-SIBOIF-808-1-NOV22-2013Added · Updated
Resolution Reforming Asset Assessment and Classification Standards for the Production Development Bank
The Superintendent of Banks and Other Financial Institutions amended Articles 1, 5, 8, 9, 11, 12, 13, 17, 19, 24, and 43 of the Standard on Assessment and Classification of Assets for the Production Development Bank. The resolution establishes a new credit category for non-SME, non-microcredit loans aligned with state development policies and updates eligibility criteria for Financial Intermediaries. It mandates specific minimum provision percentages based on delinquency days for microcredits, SMEs, and FIs, while setting a 100% maximum valuation for State values and accepting pledge bonds and guarantee funds as liquid risk-mitigating guarantees.
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