Terms of amnesty of facility installments

Accordingly, with the aim of creating unity of procedure in implementing the provisions of Note 4 of Article 9 of the monetary, credit and supervisory policies of the country’s banking system, as well as facilitating the implementation of the above ruling, how to calculate and determine the forgiveness of part of interest hidden in installments At the meeting of 1400.06.14, the Regulation and Supervision Commission of Credit Institutions of the Central Bank was presented and approved.

It is worth mentioning that repayment of installments of the granted facilities before maturity is only included in the calculation of partial interest forgiveness if the amount paid is at least equal to the amount of a full installment and paid to a bank or non-bank credit institution at least one month before maturity.

Instructions on how to calculate and determine the amount of forgiveness of part of the interest hidden in the installments of the facility in case of repayment before maturity are as follows: