Friday, June 17, 2016

BDL extends use of real estate guarantees.

The Central Bank (BDL) has authorized banks to continue using real estate guarantees to mitigate credit risks of non-performing loans.

The authorization has been extended for an interim period ending on December 31, 2018, according to BDL's intermediate circular 12,277. Deadline had been set in a former circular at year end 2015.

The real estate guarantees are part of the credit risk mitigation techniques that banks were allowed to use according to a BDL decision made in 2006 in c...

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