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Another change was made to the active ratio (AR) regulation, which entered into force on 1 May to force private banks to grant additional loans.
The Bank Regulatory and Supervision Agency (BRSA) has decided to add foreign currency loans and syndicated loans with a maturity of more than one year to the AR calculation.
In the statement released last night by the BRSA, “Foreign currency loans with a maturity of more than 1 year granted to other domestic banks by domestic banks are proportional to the amount of the loan provided directly, and syndicated loans are included in the share of AR in proportion to the share of the bank that granted the loan in the syndication “. It was specified that it was decided to insert the item “loans” with a coefficient of 1.00, taking into account the original maturities at the time of use.
The decision will take effect on November 1st.
In the AR agreement announced on April 18, changes were made on April 30, May 29, August 10 and September 28. At the end of each month, the monthly average of AR for that month is not expected to fall below 90% for deposit banks and 70% for participating banks.
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