of December 9, 2013 No. 720
About features of forming of special reserve on covering of possible loan losses for consumer needs
Based on the paragraph of the seventh of part four of Article 34, 39, parts one of article 109 of the Bank code of the Republic of Belarus, subitem 3.6 of Item 3 of Article 132 and subitem 3.1 of Item 3 of article 133 of the Tax Code of the Republic of Belarus the Board of National Bank of the Republic of Belarus DECIDES: Article parts one
1. On the credits issued since December 12, 2013 for consumer needs including overdraft crediting on which the annual interest rate exceeds the double size of the refunding rate operating at the time of emergence of debt, special reserve on covering of possible losses on the assets subject to credit risk (further - reserve) it is created in the amount of 100 percent from the total amount of debt on the corresponding assets.
2. The banks using portfolio approach of forming of reserve shall create separate portfolio of the uniform credits on the credits for consumer needs, including overdraft crediting on which the annual interest rate exceeds the double size of the refunding rate operating at the time of emergence of debt, issued since December 12, 2013 and to create reserve on this portfolio of the uniform credits in the amount of 100 percent from the total amount of portfolio.
3. Appendix 7 to the resolution of Board of National Bank of the Republic of Belarus of October 31, 2006 No. 172 "About establishment of forms of the reporting and approval of the Instruction about procedure for creation and submission by banks and non-bank credit and financial organizations of the prudential reporting to National Bank of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2006, No. 201, 8/15355; 2011, No. 123, 8/24309; National legal Internet portal of the Republic of Belarus, 19.01. 8/26778) to add 2013, with line 9 of the following content:
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Credit debt for consumer needs, including to overdraft crediting on which the annual interest rate exceeds the double size of the refunding rate operating at the time of emergence of debt |
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4. This resolution becomes effective after its official publication.
Chairman of the board
N. A. Ermakova
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The document ceased to be valid since January 1, 2015 according to item 4 of the Resolution of Board of National Bank of the Republic of Belarus of December 29, 2014 No. 836