By Laurin A. (ed.), Majnoni G. (ed.)
This record studies personal loan class and provisioning practices in a wide pattern of nations that modify in measurement, situation, and point of economic improvement. The survey carried out for this ebook compares the regulatory methods followed by means of business and rising economies, and is meant to counterpoint different assets of data that attention solely on both commercial or constructing countries.This record info personal loan classifications and provisioning practices triumphing within the 23 jurisdictions represented within the Basel center rules Liaison team on the finish of 2001. It comprises classifications of person and a number of loans, remedy of promises and collateral, financial institution mortgage evaluation methods, personal loan loss provisioning, tax remedy of mortgage loss provisions, disclosure criteria, and exterior auditors’ function.
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Additional resources for Bank Loan Classification and Provisioning Practices in Selected Developed and Emerging Countries
It is also generally understood that revenues on nonaccrual assets are not taxed. Among non-G-10 countries, the Czech Republic has used a scale of allowed deductibility for specific provisions related to loan classifications, with a ceiling of two per cent of the total amount of loans and loan guaranitee; no deductions are allowed for general provisions (see Table 11). Singapore has a tax-deductible limit for general provisions of up to 3 percent of banks' loan and investment portfolio while specific provisions are fully deductible.
In the Czech Republic, a loan is also considered restructured if the bank grants a new loan so that the customer can repay an impaired loan; after more than two years have elapsed from restructuring a loan can be rated as standard. In Australia, a restructured loan must be classified as nonaccrual if it does not yield interest equal to the bank's average cost of funding. In Brazil, restructured loans are also classified as nonaccrual or in a higher risk category, and a better grading cannot be granted until a significant amortization of the outstanding loan is achieved and sufficient evidence is provided to justify that decision.
Other jurisdictions (Russian Federation, WAMU) do not call for any disclosure. Australian accounting standards require that banks publicly disclose a breakdown of their loan portfolios; Korean banks must do the same. In general, the complete information held by supervisors on loan portfolios is not shared with the market at large. Requirements on disclosure for provisions tend to be much more uniform. In most countries, banks are required to provide information on the amount of provisions and the amount accrued in BANK LOAN CLASSIFICATION AND PROVISIONING PRACTICES 43 the year under review.