Regulatory Alerts2026-05-07
Directive on Major Investments and Acquisitions of Deposit-Taking Microfinance Institutions
Issued by the National Bank of Rwanda, this directive establishes prudential limits and prior approval requirements for deposit-taking microfinance institutions undertaking major acquisitions of non-current assets and investments in equity shares. Institutions must secure Central Bank clearance for transactions exceeding five percent of core capital, with aggregate equity holdings capped at twenty-five percent and debt-satisfied assets exempt if liquidated within two years. The framework mandates detailed applications, rigorous assessment criteria to safeguard financial soundness and depositor interests, standardized portfolio reporting, and administrative sanctions for non-compliance.
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