Regulatory Alerts2021-09-13
Decision No. D/2021/014/CAM of July 7, 2021 Fixing the Minimum Share Capital for Banking Category Credit Institutions
The Committee of Approvals of the Republic of Guinea issued Decision No. D/2021/014/CAM on July 7, 2021, raising the minimum share capital for banking-category credit institutions to two hundred billion Guinean francs (GNF 200,000,000,000), effective August 2, 2021. The mandate requires that this capital be denominated in Guinean Francs and continuously utilized within Guinea, while delegating implementation details to a Central Bank Governor Instruction. This Decision supersedes prior contradictory rulings, specifically the March 2013 capital fixation decision, and mandates official registration and publication in the Republic's Official Journal.
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