BANK OF THE REPUBLIC OF BURUNDI

THE GOVERNOR

CIRCULAR NO. 02/2024 ON THE PRICING OF SERVICES PROVIDED TO FINANCING AND/OR GUARANTEE INSTITUTIONS ISSUED PURSUANT TO THE REGULATION ON ENTITIES CONDUCTING FINANCING AND/OR GUARANTEE OPERATIONS IN BURUNDI

Having regard to Law No. 1/34 of December 2, 2008 establishing the statutes of the Bank of the Republic of Burundi;

Having regard to Law No. 1/17 of August 22, 2017 governing banking activities;

Having regard to Law No. 1/07 of May 11, 2018 establishing the national payment system;

Having regard to Regulation No. 001/2024 of April 19, 2024 on entities conducting financing and/or guarantee operations in Burundi.

The Bank of the Republic of Burundi, hereinafter referred to as the "Central Bank", hereby issues:

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Article 1: Purpose and Scope

This circular aims to specify the tariffs applied to each of the services provided by the Central Bank to financing and/or guarantee institutions.

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Article 2: Definitions

For the purposes of this circular, the following terms are understood as:

Guarantee Institution: any institution whose purpose is to take, for valuable consideration and in the interest of a natural or legal person, a signed commitment such as an endorsement or guarantee for loans granted by credit institutions or microfinance institutions or any other entity authorized by the Central Bank to conduct credit operations;

Financing Institution: any institution whose purpose is the refinancing of loans granted by credit institutions and microfinance institutions or any other entity authorized by the Central Bank to conduct credit operations, to their clients, by mobilizing long-term resources on financial markets or with development partners.

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Article 3: Applicable Tariffs for Services Provided

The table below indicates the tariffs applicable to each of the services provided by the Central Bank to financing and/or guarantee institutions:

DESCRIPTION	TARIFF (BIF)
Application for approval of a financing and/or guarantee institution.	2,000,000
Issuance of an approval certificate	10,000,000
Annual supervision fees	1% of net profit with a minimum of 5,000,000

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Article 4: Payment Deadline for Fees

The case analysis fees related to the application for approval are paid into the Central Bank's account recorded in its books, and the corresponding payment receipt is attached to the submitted application file requesting approval.

The fees related to the issuance of an approval certificate are paid into the Central Bank's account recorded in its books upon notification of an approval agreement, and the corresponding payment receipt is submitted to the department handling the case.

The annual supervision fees are paid into the Central Bank's account recorded in its books no later than January 31 of each year, and the corresponding payment receipt is submitted to the department responsible for supervising financing and/or guarantee institutions.

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Article 5: Entry into Force

This Circular enters into force on the day of its publication on the Central Bank's website and in the Official Gazette of Burundi.

Done in Bujumbura, on April 19, 2024

Edouard Normand BIGENDAKO
Governor

1. Government Avenue - P.O. Box 705 BUJUMBURA - Tel: (257) 22-20 40 00 / 22 22 27 44 - Fax: (257) 223128 - Email: brb@brb.bi