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| Name | Requirement to classify the debt and deduct provision |
|---|---|
| Description | The bank must make foreign currency sale and purchase contract with the customers for lending in foreign currency to customers that does not have income sources in foreign currency. If no foreign currency sale and purchase contract, the bank must classify as lower than standard debt and deduct the provision. If debt that does not have income sources in foreign currency is classified as non-performance debt, it must convert such debt in Kip |
| Comments | - |
| Validity From | 29-09-2011 |
| Validity To | 31-12-9999 |
| Reference | Articles III and IV |
| Status | Active |
| Measure Type | Administrative Requirements |
| Agency Name | Bank of the Lao PDR |
| Legal Document | INSTRUCTION ON IMPLEMENTATION OF DECISION ON LOAN CLASSIFICATION AND PROVISION OF CLASSIFIED LOANS FOR COMMERCIAL BANKS No. 541/CBSD, dated 29 September 2011 |
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| Description |
|---|
| Banking and other financial services (excluding insurance) |