Regulatory Alerts2019-09-06
Decision No. 011/2019-CSBF Approving Agrivola as a Deposit and Credit Microfinance Institution
The Commission for Banking and Financial Supervision (CSBF) of Madagascar has formally approved Agrivola S.A. as a deposit and credit microfinance institution. This approval is contingent upon the company fulfilling six suspensive conditions, including project implementation, submission of incorporation documents, appointment of a second executive director, and engagement of a statutory auditor, all within six months of notification. The decision takes effect upon official acknowledgment of these conditions and mandates publication in the Official Journal and a legal newspaper at the institution's expense.
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