CENTRAL BANK OF THE COMORES

Circular Note on the Assignment of Bank Codes

In view of Law 80-07 regulating Banks and Financial Institutions,

In view of Law 80-08 regarding currency and the role of the Central Bank of the Comores in the control of banks and financial institutions.

The Governor of the Central Bank decides:

Article 1: A five-digit number corresponding to its Bank Code is assigned to each authorized bank or financial institution.

Article 2: The codes assigned to the following Institutions are:

• BCC 00002
• BIC 00001
• SNPSF 00003
• BDC 00004
• BFC 00005
• EXIM BANK 00006

Article 3: This circular enters into force as of January 1, 2007.

Done in Moroni, on December 26, 2006

Ahamadi ABDOULBASTOI
Governor

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CENTRAL BANK OF THE COMORES

CIRCULAR N° 001/2007/ COB

Circular Letter regarding

the approval of the Bank "Exim Bank Comoros"

In view of the Federal Framework Law n° 80-08 of May 3, 1980, regarding currency and the role of the Central Bank of the Comores in the control of Banks and Financial Institutions;

In view of Law 80-07 of June 26, 1980, regulating Banks and Financial Institutions;

In view of Decree 87-005/PR, regulating financial relations between the Comoros and foreign countries;

In view of Order n°53/MFB/CAB of the Minister in charge of Finance of September 7, 2005, approving the Bank "Exim Bank Comoros";

In view of the decision of the Board of Directors of the Central Bank of the Comores in its session of December 12, 2005;

Taking into account the modifications made to the establishment convention;

Article 1

The Bank Exim Bank Comoros is approved and authorized to exercise on national territory the activities provided for by the law and current banking regulation.

Article 2

The Bank Exim Bank Comoros is registered on the register of authorized Banks and Financial Institutions under numbers:

2007 - 005/AG/B

Moroni, July 27, 2007

The Governor,
Ahamadi ABDOULBASTOI

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CENTRAL BANK OF THE COMORES

CIRCULAR LETTER N° 03/2007/ COB

Circular letter regarding prudential standards based on own funds applicable to BIC-Comores.

In view of the Federal Framework Law n° 80-08 of May 3, 1980, regarding currency and the role of the Central Bank of the Comores in the control of Banks and Financial Institutions;

In view of Law 80-07 of June 26, 1980, regulating Banks and Financial Institutions;

In view of Decree 87/PR, regarding provisions related to civil procedure and enforcement methods;

Taking into account the instructions of the Minister of Justice given to the Attorney General, on July 2, 2007;

Taking into account the level of own funds of BIC-Comores;

Article 1

Within the framework of prudential regulation based on own funds, the decision pronounced on March 30, 2007, by the court of first instance of Moroni concerning BIC-Comores has no impact on the prudential standards applied to this institution, as long as the judgment on appeal has not taken place.

Article 2

The Central Bank will not require the constitution of provisions for coverage before the close of the 2007 fiscal year, even if the risk has proven itself.

Article 3

This circular letter cancels and replaces Circular Letter N°02/2007/COB

Moroni, July 27, 2007

The Vice-Governor,
Mzé Abdou Mohamed Chanfiou