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Classification of Loans

C 28/2010 Effective from 10/3/2010

Banks, finance companies and investment companies shall establish and maintain regular procedures for classifying loans and advances they extend to their customers, in a way that would allow them to monitor and identify such loans and advances that manifest features of weakness. For this purpose, loans and advances should be classified within levels (1) to (5), according to their conditions and per usual banking standards, as follows:-