Regulatory Alerts2024-10-01
Circular No. 07/M/18 on Prudential Rules for Microfinance Institutions
The Banque de la République du Burundi issued Circular No. 07/M/18 to establish comprehensive prudential rules for first, second, and third-category microfinance institutions under Regulation No. 001/2018. The circular mandates permanent compliance with specific liquidity, solvency, risk concentration, and capital adequacy ratios, detailing precise calculation methodologies, reporting frequencies, and submission channels to the central bank. It replaces Circular No. 05/M/10, standardizes risk-weighting factors between zero and one hundred percent, and officially takes effect upon publication in the Official Bulletin and on the bank’s website.
Share