Regulatory Alerts2025-12-31
UMOA Governor Notice 007-12-2025 on Fixing the Usury Rate for Credit and Microfinance Institutions in Member States
The West African Monetary Union (UMOA) Council of Ministers, through Governor Jean-Claude Kassi Brou’s Notice 007-12-2025, establishes fixed usury rates of 14.0% per annum for banks and 24.0% per annum for credit establishments, microfinance institutions, and other economic agents across all member states. This binding regulatory decision takes effect on June 1, 2026, mandating immediate compliance by all notified financial entities. The notice is formally published and distributed to ensure uniform application of the capped lending rates throughout the UMOA region.
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