Notice to Circular 83-5 to financial institutions
Summary: Notice to Circular 83-5 to financial institutions of the Bank of the Republic of Haiti — an instrument published alongside circular 83-5 to financial institutions, not the circular itself. Circulars are the operative prudential rules for supervised institutions, covering matters such as capital and liquidity requirements, credit-risk and governance standards, reserve requirements and foreign-exchange rules.
Key Findings
- The notice postpones the entry into force of Circular 83-5 on credit concentration limits to 1 October 2024, which aligns the new prudential ceiling with the start of a fiscal year rather than with a calendar date.
- What is being deferred matters for reading bank balance sheets: concentration limits cap exposure to a single borrower or group, so until they bind, published exposures are not constrained by the new rule.
- The notice is dated 26 March 2024, giving supervised institutions about six months before the new date.
- It is addressed to the subject financial institutions generally rather than to a single category, so the limits apply across the supervised population and not only to commercial banks.
How to cite
Bank of the Republic of Haiti (BRH), 2024, Notice to Circular 83-5 to financial institutions, https://www.brh.ht/wp-content/uploads/Avis-Circulaire-83-5-institution-financieres-26-mars-2024.pdf