Regulatory Alerts2025-02-19
Information on Conditions for Opening a Bank in the Republic of Guinea
The Republic of Guinea’s banking regulatory authorities have established comprehensive conditions for establishing a bank, mandating at least GNF 200 billion in fully paid share capital and a reference shareholder holding no less than 20 percent. The framework requires Guinean executives, full compliance with the August 2013 Banking Law, and a detailed nine-copy approval dossier covering corporate governance, financial projections, internal risk controls, and lawful capital origins. Financial institutions must additionally submit recent audited statements from their reference bank and formal commitments to maintain the required equity threshold.
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