Regulatory Alerts2020-02-01
Decision N°D/2018/001/BCRG/CAM on the Minimum Capital of Inclusive Financial Institutions
The Central Bank of the Republic of Guinea issued Decision N°D/2018/001/BCRG/CAM on June 29, 2018, establishing minimum capital requirements for inclusive financial institutions. Microfinance institutions authorized to collect savings, and those organized in a network, must hold GNF 5,000,000,000, while those not collecting savings require GNF 1,000,000,000. Electronic Money Institutions and Postal Financial Services are mandated to maintain a minimum capital of GNF 4,000,000,000, with existing institutions granted twelve months to comply.
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