Regulatory Alerts2022-07-06
Instruction No. 096/DGSIF/DSB of July 16, 2021 on Implementing Decision No. D/2021/014/CAM Fixing the Minimum Share Capital for 'Bank' Category Credit Institutions
The Central Bank of the Republic of Guinea issued Instruction No. 096/DGSIF/DSB on July 16, 2021, to implement Decision No. D/2021/014/CAM by mandating that all « Bank » category credit institutions increase their minimum share capital to 200 billion Guinean francs. These institutions must progressively release the required capital, reaching 140 billion by June 30, 2022, 170 billion by June 30, 2023, and the full 200 billion by June 30, 2024. The Instruction takes effect upon signing, supersedes conflicting prior provisions, and requires strict compliance from all affected credit institutions.
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