The Central Bank has slapped $4.6 million in fines on banks that did not comply with regulations for granting subsidized housing loans, a statement by the Central Bank said.
"As a result of the ongoing inspection by the Banking Control Commission and Central Bank regarding the housing loan portfolio of a number of banks since 2011 to date, we discovered that some clients and banks did not comply with the right implementation of the articles and provisions of circulars issued by the Centra...
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