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2.4 A Single Borrower or a Group of Related Borrowers

C 32/2013 GUI

In the case where a borrower or group of related borrowers belongs to the private sector or it is an entity with Government ownership of less than 50% (but not controlled by them- refer to para 1.4 above) or meets the definition of “stand-alone” GRE, an individual limit of 25% will be applicable. No aggregate limit has been specified for this category.