Regulatory Alerts2024-09-01
Added · Updated
Circular No. 24/2019 on the Publication of Financial Information by Credit Institutions
The Banque de la République du Burundi issued Circular No. 24/2019 to mandate credit institutions to publish financial statements—including balance sheets, comprehensive income, cash flows, equity changes, and solvency/leverage ratios—according to specified formats, channels, periodicity, and deadlines. The regulation requires quarterly publication of key ratios in the Official Gazette, a national journal, and on institutional websites, while allowing flexible formatting for explanatory notes. It establishes clear correction procedures, approval requirements by boards and auditors, and sanctions for non-compliance or deliberate misstatement.
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