Regulatory Alerts2024-09-01
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
The Bank of the Republic of Burundi has issued Circular No. 02/2024 to establish a standardized tariff schedule for services provided to financing and guarantee institutions operating within the country. The circular defines these entities, mandates approval fees of 2 million and 10 million Burundian Francs respectively, and imposes an annual supervision charge of one percent of net profit with a 5 million Franc floor. Institutions must remit case analysis fees upon application submission, approval issuance fees upon notification, and annual supervision fees by January 31 each year into the Central Bank’s designated accounts.
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