In force2024 Revised EditionCurrent version · 2024 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Banking Act · 2024 Revised Edition · Part · Reserve Funds, Dividends, Balance Sheets and Information
Banking Act · 2024 Revised Edition · Part · Reserve Funds, Dividends, Balance Sheets and Information
Official textFrom Attorney General's Chambers, unchanged
The Authority shall establish guidelines as to the provision to be made by the bank for bad and doubtful credit risks; and the bank shall secure that adequate provision is made in accordance with those guidelines before any profit or loss is declared.
Authority
“Authority” means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010;
Authority
“Authority” means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010;
bank
“bank” means a company which carries on banking business and holds a licence granted under section 4 or 23, and includes all branches and offices in Brunei Darussalam of any such company for the purposes of this Act;
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