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The Central Bank of Uruguay (BCU) issued the information contained in the Central Risks, with debts of up to 15 years of maturity.

Photo: Freepik

He Central Bank of Uruguay (BCU) issued its publication on the Risk Center, containing information about the status of debt which are granted to individuals and legal entities in the non-financial sector, taking into account consumer and commercial credits and for the living place.

Institutions classify monthly the credits direct and contingent that are granted in different categories, up to the one of irrecoverable debtors, a situation that affects more and more Uruguayans.

The monetary authority clarified that the report does not publish the debts with more than 15 years from their due date, neither the credits on which the prescription has operated nor those extinguished by remission.

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What are the categories in which debtors are classified?

The BCU reported that there are several categories into which debtors are classified.

  • Category 1A – Transactions with self-liquidating guarantees accepted.
  • Category 1C – Debtors with strong payment capacity (less than 10 days late).
  • Category 2A – Debtors with adequate payment capacity (between 10 and 30 days late).
  • Category 2B – Debtors with payment capacity with potential problems (between 30 and 60 days late).
  • Category 3 – Debtors with compromised payment capacity (between 60 and 90 days late for consumer loans, between 60 and 180 days for housing loans and between 60 and 120 days for commercial loans).
  • Category 4 – Debtors with very compromised payment capacity (between 90 and 120 days late for consumer loans, between 180 and 240 days for housing loans and between 120 and 180 days for commercial loans).
  • Category 5 – Irrecoverable debtors (between 120 and 2 years of arrears for consumer loans, between 240 and 2 years for housing loans and between 180 and 2 years for commercial loans).

Source: Ambito

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