Regulatory Alerts2024-09-01
Added · Updated
Transparency of Conditions Applied by Banks and Financial Institutions to Customer Operations
The Banque de la République du Burundi requires banks and financial institutions to publicly display and provide information on the conditions applied to their operations, including interest rates, fees, and commissions, at their headquarters, agencies, and counters. Institutions must submit these conditions to the Central Bank within fifteen days of implementation and notify customers of any modifications before they take effect. Non-compliance subjects institutions to sanctions under Article 48 of the banking law, and the circular entered into force on July 1, 2013.
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