Regulatory Alerts2012-11-21
Added · Updated
Development Bank of Seychelles Decree
This Decree establishes the Development Bank of Seychelles as a body corporate to assist the national economy, further development plans, and promote industrial efficiency. The Bank's functions include establishing and developing industries and capital markets, with powers to grant loans, guarantee obligations, and acquire/dispose of property and securities. It is governed by a Board, managed by a Managing Director, and operates with an authorized share capital, subject to financial limitations and presidential directions.
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