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PRA reduces provisioning requirement on late debts to Credit Unions as a result of Covid19

PRA reduces provisioning requirement on late debts to Credit Unions as a result of Covid19

by Paul Brindley | Apr 8, 2020 | Coronavirus

Today, 8 April 2020, The PRA has issued a letter modifying the minimum provisioning requirements on Credit Union loan debts in order to reduce some of the pressure credit unions are experiencing as a  result of CV19 . This rule change is said to apply until 31...

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