BR-5.2 BR-5.2 Locally incorporated banks
BR-5.2.1
The content of this section is applicable to all locally incorporated banks licensed by the Agency in the Kingdom of Bahrain.
Capital adequacy
BR-5.2.2
All banks, referred to under paragraph BR-5.2.1, must give the Agency immediate written notification of any actual breach by such banks of the minimum Risk Asset Ratio(s) (RAR) in accordance with section CA-2.5. Where such notification is given, the bank must also adhere to the additional notification and reporting requirements as set out under section CA-2.5.
Write-off of credit facility
BR-5.2.3
All banks, referred to under paragraph BR-5.2.1, should notify the Agency of any write-off of a credit facility, (i.e., loan, overdraft and any other credit facility) of an amount in excess of BD 100,000 (Bahraini Dinars One Hundred Thousand), or its equivalent in foreign currency. See section CM-7.1 for further details.
