Technical Standards for the Management of Environmental and Social Risks

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador.
Tel. (503) 2281 - 8000 www.bcr.gob.sv
CNBCR-01/2024
NRP-53
TECHNICAL STANDARDS FOR THE MANAGEMENT OF ENVIRONMENTAL AND SOCIAL RISKS

Approval: 31/01/2024
Validity: 15/02/2024
THE NORMS COMMITTEE OF THE CENTRAL RESERVE BANK OF EL SALVADOR,

CONSIDERING:
I. That Article 117 of the Constitution of the Republic of El Salvador establishes that it is the duty of the State to protect natural resources, as well as the diversity and integrity of the environment, to guarantee sustainable development; declaring of social interest the protection, conservation, rational use, restoration or substitution of natural resources, prohibiting the introduction into the national territory of nuclear waste and toxic waste.
II. That Article 2, second paragraph of the Law on Supervision and Regulation of the Financial System establishes that for the proper functioning of the Financial Supervision and Regulation System, it is required that the members of the financial system and other supervised entities comply with current regulations and the adoption of the highest standards of conduct in the development of their businesses, acts and operations, in accordance with what is established in the aforementioned Law, in other applicable laws, in regulations and in technical standards issued for such effect.
III. That Article 3, letter c) of the Law on Supervision and Regulation of the Financial System establishes that it is the responsibility of the Superintendence of the Financial System to proactively monitor the risks of the members of the financial system and the way in which they manage them, ensuring the prudent maintenance of their solvency and liquidity.
IV. That Article 3, letter i) of the Law on Supervision and Regulation of the Financial System establishes that it is the responsibility of the Superintendence of the Financial System to require that supervised entities and institutions be managed and controlled in accordance with international best practices referred to risk management and good corporate governance, as well as the technical standards that are issued.
V. That Article 35, letter d) of the Law on Supervision and Regulation of the Financial System establishes that directors, managers and other officials holding management or administrative positions in the members of the financial system must conduct their businesses, acts and operations complying with the highest ethical standards of conduct and acting with the due diligence of a good merchant in their own business, being obliged to comply with and ensure that in the institution they direct or work for, the adoption and updating of policies and mechanisms for risk management is fulfilled, being obliged, among other actions, to identify, evaluate, mitigate and disclose them in accordance with international best practices.

Approval: 31/01/2024
Validity: 15/02/2024
VI. That according to international standards, it is necessary to have a solid risk management framework, which allows to effectively and efficiently manage environmental and social risks according to the profile, volume of operations, nature of the business, entity resources and best practices, in such a way that the implementation of prudential measures that improve the capacity for decision making and risk classification of entities is promoted, promoting security and confidence in financial markets.
THEREFORE, by virtue of the regulatory powers conferred by Article 99 of the Law on Supervision and Regulation of the Financial System, AGREES, to issue the following:
TECHNICAL STANDARDS FOR THE MANAGEMENT OF ENVIRONMENTAL AND SOCIAL RISKS

CHAPTER I
OBJECT, SUBJECTS AND TERMS
Object
Art. 1.- These Standards aim to provide the minimum criteria for adequate environmental and social risk management, and the adoption of the related policy and manual regarding the development of methodologies for risk management in accordance with applicable laws and international best practices in the matter, in accordance with the nature, size, risk profile and volume of their operations. Likewise, these Standards complement the provisions established in the "Technical Standards for the Comprehensive Risk Management of Financial Entities" (NRP-20), the "Technical Standards on Corporate Governance" (NRP-17) and the "Technical Standards for the Comprehensive Risk Management and Information Transparency of Investment Banks" (NRP-93), approved by the Central Bank of El Salvador through its Norms Committee. (1)

Subjects
Art. 2. - The subjects obliged to comply with the provisions established in these Standards are:
a) Banks constituted in El Salvador and their subsidiaries; b) Branches of foreign banks constituted in the country; c) Cooperative banks, savings and credit societies and federations regulated by the Law on Cooperative Banks and Savings and Credit Societies; d) The Mortgage Bank of El Salvador, S.A.;

Approval: 31/01/2024
Validity: 15/02/2024 e) The Agricultural Development Bank, insofar as it does not contradict its creation law, nor what is established by the Court of Accounts; (1) f) The Development Bank of the Republic of El Salvador, insofar as it does not contradict its creation law, nor what is established by the Court of Accounts; and (1) g) Investment Banks. (1) Terms Art. 3. - For the purposes of these Standards, the terms indicated below have the following meaning:
a) Senior Management: The executive president, executive director, General Manager or whoever acts on their behalf and the executive positions that report to them. For the case of the Development Bank of the Republic of El Salvador, the president; b) Fragile Area: Degraded coastal-marine environment, protected wild areas and buffer zones, aquifer recharge zones and slopes of more than thirty degrees without vegetation cover or conservation measures and others that have been decreed as such by law, in accordance with the Environmental Law; c) Protected Natural Area: Part of the national territory owned by the State, the Municipality, autonomous entities or private owners, legally established with the object of enabling the conservation, sustainable management and restoration of wild flora and fauna, related resources and their natural and cultural interactions, which has high significance for its function or for its genetic, historical, scenic, recreational, archaeological and protective values, in such a way that it preserves the natural state of biotic communities and unique geomorphological phenomena, in accordance with what is provided in the Law on Protected Natural Areas; d) Central Bank: Central Reserve Bank of El Salvador; e) Environmental damage: Any loss, decrease, deterioration or prejudice that occurs to the environment or one or more of its components, in contravention of the legal framework. The damage may be serious when it puts the health of human groups, ecosystems or flora and fauna species in danger and irreversible, when the effects it produces are irreparable and definitive, in accordance with the Environmental Law; f) Executive Director: Is that which exercises the highest administrative authority within the entity, and who may also be part of the Board of Directors; it is frequently referred to as executive president, General Manager or whoever acts on their behalf; g) Entity: Subjects obliged to whom Article 2 of these Standards refers; h) Environmental Impact: Any significant alteration, positive or negative, of one or more of the components of the environment, caused by human action or natural phenomena in a defined area of influence, in accordance with Article 5 of the Environmental Law;

Approval: 31/01/2024
Validity: 15/02/2024 i) Board of Directors: Collegiate body or equivalent body in charge of the administration of the entity, with supervision, direction and control functions; for the case of Cooperative Associations it will be the Board of Directors or as defined in its Creation Law; j) Exclusion List: List of specific activities to which the entity has decided not to provide financing, because they are not aligned with the environmental and social strategic objectives defined by the entity itself, in strict compliance with local legislation and regulations or international standards in environmental and social matters; k) Checklist: Minimum requirements that debtors must comply with regarding their environmental and social performance; l) AS Action Plan: Document containing details of protective, corrective or mitigation measures for negative impacts that are expected to be carried out or are already being carried out by the debtor; m) AS Risk Management Policy: Defines the environmental and social objectives and principles that guide the entity's actions within the framework of financial operations in which environmental and social responsibility must be applied, which must be duly documented and approved by the Board of Directors; n) Environmental and Social Risk or AS Risk: The possibility of incurring losses generated by negative environmental and social impacts caused by granting credits for the financing of activities, works or projects; o) Superintendence: Superintendence of the Financial System; and p) Buffer Zones: Fragile areas adjacent and with direct incidence to Protected Natural Areas, subject to the promotion of activities friendly to natural resources, which support management objectives and minimize negative impacts inward and outward, in accordance with what is provided in the Law on Protected Natural Areas.
CHAPTER II
GENERAL PROVISIONS

AS Risk Management
Art. 4. - Entities must design an AS Risk Management System that allows the identification, evaluation, monitoring, control and mitigation of AS Risks associated with credit operations. For these purposes, they will elaborate an AS Risk Management Policy, in which they must clearly describe the AS Risk Management System adopted by them. Entities must consider the minimum elements established in Article 8 of these Standards, for the purposes of elaborating their AS Risk Management Policy.

Subject operations
Art. 5. - Each entity will define by internal policy the credit operations that will be evaluated under AS Risk management, considering the environmental or social impacts associated with the activities, works or projects it finances, considering as a minimum what is established in these Standards. The operations mentioned in the first paragraph of this article must be detailed in the AS Risk Management Policy approved by the Board of Directors. The application of the provisions contained in these Standards is exempted from credit operations granted to natural persons for housing and consumption, including credit cards. Limit of responsibilities Art. 6. - Entities subject to these Standards do not assume functions or responsibilities of State entities in charge of granting permits or licenses, in environmental or social matters. However, entities in their credit granting process must request that debtors present the permits, licenses and other legal requirements that correspond, as established by the State through the Central Government or municipalities.
CHAPTER III
ENVIRONMENTAL AND SOCIAL RISK MANAGEMENT

Basic elements of AS Risk Management
Art. 7.- To be able to implement AS Risk management, entities must have at least the following:
a) AS Risk Management Policy; b) Definition of Functions and Responsibilities; c) AS Risk Management Procedures Manual; and d) AS Risk Management Report.

The content of the manual established in letter c) of this article may be incorporated into the "Risk Management Manual", contemplated in the "Technical Standards for the Comprehensive Risk Management of Financial Entities" (NRP-20) and the "Technical Standards for the Comprehensive Risk Management and Information Transparency of Investment Banks" (NRP-93), approved by the Central Bank through its Norms Committee. (1)

AS Risk Management Policy
Art. 8. - Entities must have a policy to define the AS Risk management framework, which allows them to reduce their vulnerability and losses due to this risk and promote at the level of the entire organization the culture of prevention and control of this risk, ensuring compliance with internal and external norms related to it. The AS Risk Management Policy must be formally approved by the Board of Directors, and must include at least the following aspects:
a) Commitment of the entity with emphasis on integrating AS Risk considerations in the credit operations it grants; b) Definition of the objective and scope of the AS Risk Management Policy with respect to the environment, society and contribution to sustainable development; c) Definition of roles and responsibilities for the application of the AS Risk Management Policy; d) Environmental legislation and regulations of the country and international standards that are considered as the basis of the scheme and as determining reference sources to establish excluded or sensitive activities, works or projects; e) Definition of the general methodology to be used for the application of AS Risk management in business operations; f) Definition of criteria to be used to determine credit operations that will be excluded from AS Risk evaluation in accordance with the entity's internal policy; and g) The periodicity for the review and updating of the AS Risk Management Policy to adapt it to best practices regarding the matter; Functions and Responsibilities Art. 9. - Entities must establish an organizational or functional structure adequate to their business model and appropriately segregated, which clearly delimits functions and responsibilities, as well as the levels of dependence and interrelation that correspond to each of the areas involved in the performance of activities related to AS Risk. All these aspects must be contemplated in the respective manual, approved by the Board of Directors of the entity. For AS Risk management, the entity must establish the functions and responsibilities, considering the following levels:
a) Board of Directors: Is responsible for the entity having an adequate strategy for AS Risk management, for which it must perform at least the following:
i. Approve the AS Risk Management Policy and AS Risk Management Procedures Manual, considering that at least, it contemplates what is established in these Standards;
ii. Assign and approve the necessary resources to implement and maintain the AS Risk management in an effective and efficient manner; and

Approval: 31/01/2024
Validity: 15/02/2024
iii. Approve the minimum requirements that debtors must comply with in environmental and social matters, which must be included in their AS Risk Management Policy.
b) Risk Committee: The Risk Committee, or whoever acts on its behalf, is in charge of ensuring sound AS Risk management of the entity, for which it must perform at least the following:
i. Evaluate, review and propose for approval by the Board of Directors the strategies, policies and manuals for AS Risk management;
ii. Supervise that AS Risk management is effective and that AS Risks are consistently identified, measured, evaluated, mitigated and monitored;
iii. Support the work of the Risk Unit or specialized area in the implementation of AS Risk management; and
iv. Others that the Board of Directors or equivalent body considers necessary for the development of their functions.
c) Senior Management: Is responsible for the implementation of AS Risk management, of the strategies, policies and manuals, authorized by the Board of Directors. The Senior Management of the entities must perform at least the following:
i. Ensure the effective implementation of the AS Risk Management Policy;
ii. Approve credits according to their internal credit granting policies, considering what is related to AS Risk management;
iii. Support the Risk Unit or specialized area in AS Risk to carry out AS evaluations, in accordance with what is established in these Standards and the policies, procedures and manuals approved for these purposes by the entity;
iv. Approve the modifications that are proposed to be made to the AS Risk Management Policy prior to its presentation to the Board of Directors; and
v. Inform the Board of Directors, at least once a year, about AS Risk management;
d) Risk Unit or specialized area in AS Risk: Depending on its size, nature and complexity of products, services and operations, AS risk management may be performed by the Risk Unit or specialized area. This unit or specialized area must be independent of the business units and operational areas of the entity. The Board of Directors, or equivalent body of the entity must define the unit or specialized area of AS Risk management that will be responsible for designing, implementing and maintaining adequate management. This unit or specialized area must perform at least the following:

Approval: 31/01/2024
Validity: 15/02/2024
i. Elaborate and propose to the Risk Committee or whoever acts on its behalf, the AS Risk Management Policy and AS Risk Procedures Manual;
ii. Carry out AS Risk evaluations in accordance with the policy, procedures and manuals approved by the Board of Directors;
iii. Ensure effective AS Risk management inherent to the credit portfolio;
iv. Identify training and dissemination needs for adequate AS Risk management;
v. Inform the Risk Committee about the relevant aspects of AS Risk management for timely decision making; and
vi. Others that the Board of Directors or equivalent body considers necessary for the development of their functions.
The personnel of the Risk Unit or specialized area in AS Risk management must have a profile consistent with the functions to be performed, for this, the entity must consider their academic training, experience and training in AS Risk management. e) Internal Audit: The Internal Audit Unit must support the entity to evaluate and improve the quality and efficiency of AS Risk management processes, for which it must observe what is established in the "Technical Standards on Internal Audit for Members of the Financial System" (NRP-15), approved by the Central Bank through its Norms Committee.

AS Risk Management Procedures Manual
Art. 10. - The AS Risk Management Procedures Manual must contain as a minimum provisions related to the following aspects:
a) Exclusion List: The entity must detail a list of activities, works or projects to which it will not finance due to their negative environmental and social implications. For this effect, the entity will take as reference the list coming from some international institution that provides financing aimed at combating climate change, such as the exclusion list of the International Finance Corporation of the World Bank, the Inter-American Development Bank, among others. The entity may include other activities that it will not finance due to their negative environmental and social implications, in accordance with its internal policies. b) AS Risk Categorization Methodology: The entity must define a methodology to assign the AS Risk categorization to the activity, work or project. In this categorization methodology, it must consider the economic activity of the activity, work or project being financed, the location of the activity (territorial sensitivity), the magnitude of the financial operation (proportionality) and social elements.

Approval: 31/01/2024
Validity: 15/02/2024

The economic activity is that which is assigned from the origin of the application for the activity that the debtor requests to finance.

For the designation of the categorization linked to the economic activity, the classes of economic activities described in Annex F of the “Technical Standards on the Procedure for Information Collection of the Central Risk System” (NRP-41) will be used, and in the case of Investment Banks, the classes of economic activities described in Annex D of the “Technical Standards on the Information Collection Procedure of the Central Risk System for Investment Banks” (NRP-92), approved by the Central Bank through its Standards Committee. The entity may use as a reference for the AS risk categorization linked to the economic activity, the system of categorization of activities, works, or projects of the Ministry of Environment and Natural Resources. (1)

To incorporate territorial sensitivity, the geographic location of the activity, work, or project will be considered as a minimum, linking it with any reference to protected natural areas, buffer zones, or fragile zones, which the governmental bodies in charge make available to the public.

To incorporate the proportionality variable of the financial operation, the entity may use:

i. The categories of Economic Unit Size or Business Segment, according to what is established in Annex C of the “Technical Standards on the Procedure for Information Collection of the Central Risk System” (NRP-41), and in the case of Investment Banks, Annex E of the “Technical Standards on the Information Collection Procedure of the Central Risk System for Investment Banks” (NRP-92), which facilitates making a differentiation between Micro-enterprise clients and Small and Medium-sized Enterprises (SME), by level of annual sales and number of permanent remunerated workers; or (1)

ii. The amount of credit granted, for which purpose, the entity may define the ranges it considers pertinent.

Both the economic activity element, the territorial sensitivity element, and the proportionality element are mandatory for risk assignment.

For the social evaluation, it must consider as a minimum the elements of labor conditions, negative externalities to the community, and gender issues.

c) AS Risk Categorization Process: The categorization can be implemented through a parametrized scheme or through the use of initial question lists whose responses lead to an AS Risk category, considering for both cases the information inputs established in letter b) of this article.

i. AS Risk Categorization: It must lead to three possible results, as follows:

High Risk Level: Designated for activities, works, or projects that may generate significant, diverse, irreversible, or unprecedented environmental and social impacts in the location of the financed activity;
Medium Risk Level: Designated for activities, works, or projects that may generate limited adverse environmental and social impacts, scarce in number, generally in specific sites in the location of the financed activity, which are mostly reversible and easily addressable through mitigation measures in the case of environmental risks, or addressable through agreements with affected persons in the case of social risks; and
Low Risk Level: Designated for activities, works, or projects that imply minimal and/or non-adverse environmental and social risks and/or impacts, and that are not carried out in protected natural areas, buffer zones, or fragile zones.

d) AS Risk Due Diligence Process: Credit operations categorized as High and Medium Risk must undergo a Due Diligence process, while credit operations categorized as Low Risk do not require additional evaluation processes of their environmental and social performance.

The AS Risk Due Diligence process refers to when the entity applies procedures and formats for collecting additional information related to the environmental and social performance of the activity, work, or project, using information forms and checklists. Due diligence can range from documentary control and questionnaires, to on-site visits combined with an exhaustive evaluation and the performance of analysis by experts in the matter, whose requirements must be defined in the entity's AS Risk Management Policy. For these purposes, the entity must include as a minimum the following inputs:

i. Environmental component: specific information must be requested, including the following:

Presentation of permits or resolutions related to the activity, work, or project issued by the competent authority regarding compliance with environmental legislation and regulations, where applicable; and
Information that allows identifying possible impacts on soil, air, water, biodiversity, and waste management. For these purposes, the entity must include questionnaires with questions it considers pertinent for an evaluation of the environmental implications of the activities, works, or projects, subject to AS Risk evaluation according to the entity's internal policy.

ii. Social component: this component will be oriented to request as a minimum information related to labor conditions, negative externalities to the community, and gender issues. For these purposes, the entity must include questionnaires with questions it considers pertinent for an evaluation of the social implications of the activities, works, or projects, subject to AS Risk evaluation according to the entity's internal policy.

Credit requests with a Medium and High AS Risk category must undergo an additional information review procedure through the Risk Unit or specialized AS Risk area. The procedure must allow evaluating in more detail the environmental and social impact of the activity, work, or project being financed. For this purpose, the procedure may consist of broader documentary control, additional information requirements on the activity being financed, or on-site visits.

The identification of critical points, regarding the social and environmental performance of the activity, work, or project being financed, must be clearly visible in this evaluation phase and categorically reflected in the debtor's file documentation for the final credit granting decision.

e) Decision-Making Process: The environmental and social risk evaluation through the due diligence process can lead to three possible options:

i. That there is no identification of AS Risk, in which case the usual process for rating the credit operation by the corresponding instance must continue;

ii. That the amount of the requested credit will be destined exclusively for the application of corrective or mitigation measures for the identified environmental or social impacts, in which event the entity may continue with the processing of the credit application; and

iii. That AS Risks are identified regarding which the debtor is willing to formalize their commitment to apply corrective measures within a timeframe consistent with the complexity of the management the debtor must perform. If this option is the case, the credit committee or designated instance may accept and formalize the application of such commitment, which will be established in an Action Plan.

For the decision to grant credit, the elements established in this letter must be considered, which must be reflected in the corresponding internal document.

f) Control and Monitoring: The AS Risk categorization methodology must be monitored by the entity, in accordance with the periodicity established in the AS Risk Management Policy, making the corresponding adjustments, which must be duly substantiated.

AS Risk Management Report

Art. 11.- Entities must prepare a report regarding actions taken for the control and evaluation of AS Risk management. The report must contain as a minimum the following:

a) The definition of the strategy used for AS Risk management;

b) The detail of the methodology used for AS Risk management; and

c) The Activity Plan to be developed by the Risk Unit or specialized area, related to AS Risk management, detailed through a schedule.

This report may be part of the “Technical Evaluation Report of Integral Risk Management” contemplated in the “Technical Standards for Integral Risk Management of Financial Entities” (NRP-20) and the “Technical Standards for Integral Risk Management and Information Transparency of Investment Banks” (NRP-93), approved by the Central Bank through its Standards Committee. (1)

Action Plan

Art. 12.- The measures and commitments corresponding to the environmental and social topic agreed with the debtor, referred to by roman numeral iii) of letter e) of article 10 of these Standards, may be recorded in an Action Plan for respective monitoring.

The Action Plan will consist of a detail of corrective measures, execution timeframe or period, and verification methods for the compliance of the measures established to mitigate AS Risks, which must be presented by the debtor for subsequent discussion with the entity. This Action Plan will also contemplate other conditions and requirements established by the entity.

The Action Plan must contain at least the following:

a) Measures to be executed by the debtor, described in the most limited and clear manner possible; and

b) Timeframe or period for compliance and verification of the measures.

Additionally, the entity must perform the following control and monitoring:

a) Verify and evaluate compliance with agreements related to the mitigation of AS Risks established in the Action Plan. This evaluation must be made within the terms provided in said plan and must be registered in the debtor's file for subsequent reports; and

b) In case of non-compliance with what is stipulated in the Action Plan, the entities will be responsible for valuing the actions to be taken.

The AS Risk Management Procedures Manual referred to in article 10 of these Standards must contain the general guidelines that the units involved in the entire credit granting process must follow to comply with this article.

Specific Guidelines by Sector

Art. 13.- Entities may develop specific sector guidelines, which will offer guidance, normally in a brief document, for each sector of the economy (for example, agricultural, livestock, agro-industrial, among others) with the aim of identifying and managing risks and impacts related to these. The content of sector guidelines may contemplate the following:

a) Potential risks;

b) Recommendations for mitigation;

c) References to national legislation; and

d) Best practices within each sector.

CHAPTER IV
ON REQUIRED INFORMATION

Required information on evaluated credit operations

Art. 14.- Entities must send to the Superintendence, through the means it defines, information related to the AS Risk categorization assigned to the evaluated and granted credit operations according to the entity's internal policy, in accordance with what is established in Annex No. 1 of these Standards. This information must be sent with quarterly periodicity, within the first fifteen business days of each quarter.

The first submission of the information required in Annex No. 1 of these Standards must be made within the first fifteen business days of the month of July 2025.

Art. 15.- The Superintendence will send to the Central Bank, within a period not exceeding ten business days after the deadline established in article 14 of these Standards, the quarterly information related to the AS Risk categorization assigned to the evaluated and granted credit operations, duly processed.

Technical details of information submission

Art. 16.- The Superintendence will send to the entities, within a maximum period of two months after the effective date of these Standards, with a copy to the Central Bank, the technical details related to the submission of the information requested in Annex No. 1 of these Standards.

The information requirements will be limited to the collection of information as regulated in these Standards.

CHAPTER V
OTHER PROVISIONS AND VALIDITY

AS Risk Management Policy and Manual

Art. 17.- Entities must electronically send to the Superintendence within a period of ten business days after approval by the Board of Directors, the AS Risk Management Policy and the AS Risk Management Procedures Manual, to which articles 8 and 10 of these Standards refer, as well as modifications to them. The period between reviews and/or updates of policies or manuals must not exceed two years.

Implementation Deadline

Art. 18.- Entities, to comply with the provisions established in these Standards, must submit to the Superintendence an implementation plan by May 15, 2024. Once the plan is submitted, entities must finalize their implementation by May 15, 2025.

Operations Subject to Application

Art. 19.- Once the implementation deadline has been met, entities must comply with the application of AS Risk management as established in these Standards, in new credit operations they grant as established in article 5 of these Standards.

Sanctions

Art. 20.- Non-compliance with the provisions contained in these Standards will be sanctioned in accordance with what is established in the Law on Supervision and Regulation of the Financial System.

Unforeseen Aspects

Art. 21.- Aspects not foreseen in the regulatory matter of these Standards will be resolved by the Central Bank through its Standards Committee.

Validity

Art. 22.- These Standards will enter into force as of February 15, 2024.

MODIFICATIONS:
(1) Modifications in articles 1, 2, 7, 10, and 11 and in Annex No. 1, approved by the Central Bank through its Standards Committee, in Session No. CN-09/2025 of November 10, 2025, with validity as of November 25, 2025.

Annex No. 1

INFORMATION ON EVALUATED AND GRANTED CREDIT OPERATIONS

Credit Reference Number | Activity Class Code 1) | Activity Class Name | Assigned Environmental and Social Risk Category | Amount Granted in US$ | Balance Owed in US$ | Credit Term in Months | Number of Debtors Associated with the Credit 010103 2) | 010103 | Cultivo de Caña de Azúcar | Baja | 3,000,000 | | | 010103 | 010103 | Cultivo de Caña de Azúcar | Medio | 6,500,000 | | | 010103 | 010103 | Cultivo de Caña de Azúcar | Alto | 6,500,000 | | | 030401 | 030401 | Fabricación de Hilados, Tejidos y Acabados de Textiles | Baja | 4,500,000 | | | 030401 | 030401 | Fabricación de Hilados, Tejidos y Acabados de Textiles | Medio | 6,000,000 | | | 030401 | 030401 | Fabricación de Hilados, Tejidos y Acabados de Textiles | Alta | 7,500,000 | | |

Notes:

The Activity Class Code refers to the class code established in the “Manual of Classification of Credit by Economic Destination” of the “Technical Standards on the Procedure for Information Collection of the Central Risk System” (NRP-41) and the “Technical Standards on the Information Collection Procedure of the Central Risk System for Investment Banks” (NRP-92). (1)
The information shown in the table is for example purposes only.

Technical Standards for the Management of Environmental and Social Risks

Lineage: In force

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