Transcription of Guidelines On Classification Of Impaired Loans/Financing ...
{{id}} {{{paragraph}}}
Example: marketing
Guidelines On Classification Of Impaired Loans/Financing ...
INTRODUCTION .. 1. LEGAL 1. Classification OF Impaired 1. TREATMENT OF INTEREST INCOME ON Impaired loan .. 2. RECLASSIFICATION OF Impaired loan AS UNIMPAIRED loan .. 3. provisioning .. 4. RESPONSIBILITIES OF THE BOARD OF DIRECTORS AND 6. APPENDIX .. 8. BNM/RH/GL/005-3 Development Finance Guideline On Classification Of Page 1/10. and Enterprise Impaired Loans/Financing And Department provisioning For Bad And Doubtful Debts INTRODUCTION. This guideline sets out the minimum standards on Classification of Impaired loans and advances and provisioning requirements for such assets of development financial institutions (DFIs). The guideline promotes loan / financing accounting policies and practices which are consistent with sound risk management practices in order to ensure that the Impaired assets and losses are identified and recognised in a timely manner and loan assets and income are fairly and prudently stated. LEGAL PROVISION. 2. This guideline is issued pursuant to section 41 of the Development Financial Institutions Act 2002 (DFIA) which requires a prescribed institution to meet such other prudential requirements, and within such time, as Bank Negara Malaysia may specify.
BNM/RH/GL/005-3 Development Finance and Enterprise Department Guideline On Classification Of Impaired Loans/Financing And Provisioning For Bad And Doubtful
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: