Regulatory Alerts2019-03-01
Decision No. 002/2019-CSBF Approving Caisse d'Epargne de Madagascar as a Deposit and Credit Microfinance Institution
The Commission for Banking and Financial Supervision (CSBF) of Madagascar has approved Caisse d'Epargne de Madagascar S.A. as a deposit and credit microfinance institution under Decision No. 002/2019-CSBF. The authorization permits the company to routinely conduct deposit collection, lending, insurance distribution, and digital financial services, alongside incidental advisory and payment services. This approval is contingent upon the company fulfilling specific transformation, governance, and audit requirements within six months of notification, with the decision taking effect upon verification of these conditions and mandatory publication.
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