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
No bank shall accrue interest income from loans which are 2 years or more past due or such other time as is determined by the Authority nor shall such a bank accrue interest for any loan which has been identified under section 25 requiring a provision for loss, provided however that nothing in this section shall be taken to impair the rights of a bank under any agreement with any other party.
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;
agreement
“agreement” means an agreement whether formal or informal and whether express or implied;
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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