Regulatory Alerts2017-04-03
Notice No. 7/GBM/2017, of April 3 – Minimum Capital for Credit Institutions, Financial Companies and Microfinance Operators
The Bank of Mozambique issued Notice No. 7/GBM/2017 to update the minimum share capital requirements for credit institutions, financial companies, and microfinance operators in response to growing operational risks and national economic dynamics. The regulation establishes new capital thresholds ranging from 75,000 MT for microcredit operators to 1.7 billion MT for banks, while mandating that existing banks progressively increase their capital over a three-year compliance period through cash contributions. Furthermore, the notice revokes the prior 2005 directive and centralizes interpretative authority within the Bank’s Regulation and Licensing Department.
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