Written by
VELMA Law
VELMA Law, Dar es Salaam Tanzanian Law Firm
310
310
Read it in 1 minute
Categories
Banking and Financial Institutions (Credit Concentration and Other Exposure Limits) Regulations 2014 limit the total amount of credit accommodation which any bank or financial institution may, directly or indirectly, grant to any entity, and its related parties, to 25% when secured by collateral the value of which is at least 125% of the credit accommodation deemed by it (fully secured), down to 5% (unsecured) (Regulation 6).
