Regulatory Alerts2003-07-29
Added · Updated
Instruction No. 14 to Banks: Prudential Management Standards
Instruction No. 14 establishes prudential management standards for banks in the Congo, requiring a minimum paid-up capital of USD 1.5 million and defining the composition of regulatory capital. It mandates a minimum solvency ratio of 10% of prudent own funds to total banking risks, limits single-borrower exposure to 25% of own funds, and imposes maximum foreign exchange position limits of 5% per currency and 15% in aggregate. Banks must also maintain a minimum immediate liquidity ratio of 80%, a short-term liquidity ratio of 80%, a medium-to-long-term transformation ratio of 80%, and limit equity participations to 15% per entity and 60% in total.
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