Prior Approval Requirement for Operating Hours, Branch Closures, and Service Retractions

CENTRAL BANK OF SEYCHELLES
P. O. Box 701, Victoria, Seychelles

Telephone: [+248] 428 20 00
Fax: [+248] 432 36 65
E-mail: enquiries@cbs.sc
Ref: FSD/GEN/1
Date: April 20, 2020

To all Banks, Development Bank of Seychelles and Seychelles Credit Union

Approval prior to change in operating hours and closure of branches

Reference is made to the above subject matter.

Central Bank of Seychelles (CBS) hereby advises that all banks, the Development Bank of Seychelles (DBS) and the Seychelles Credit Union (SCU) are required to request the approval of CBS prior to effecting any changes in its operating days and hours as well as closure of any branches.

In addition, CBS requests that notification is also given prior to effecting any retraction in services provided by banks, DBS and SCU.

CBS trusts in your co-operation for adherence to the above.

Yours sincerely,

[Signature]

C. Abel (Ms)
Governor