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Comoros: lending & credit regulation

Regulated

Comoros lending regulated by BCC under 2025 usury cap and 2015 prudential rules

Lead regulator:
Banque Centrale des Comores
Key law:
Law No. 12-011/AU (Leasing) and BCC Regulations (2015, 2023, 2025)
Last updated:
2026-07-12

The Central Bank of the Comoros (BCC) serves as the primary regulator for credit operations, enforcing prudential standards and consumer protection measures for credit institutions. Recent regulatory activity includes the establishment of a usury rate cap and strict disclosure requirements for the Effective Global Rate (TEG).

Credit institutions are subject to mandatory provisioning rules, risk classification of claims, and participation in a central credit registry to monitor solvency and defaults. Leasing operations are governed by specific legislation defining contractual formalities and registration requirements.

The regulatory framework emphasizes transparency, financial stability, and the prevention of over-indebtedness through centralized monitoring and interest rate controls.

Who regulates

  • Banque Centrale des Comores

    Primary supervisor of credit institutions, setting usury rates, provisioning rules, and credit registry mandates.

    [1][2][3][4]

Core laws & rules

  • Regulation No. 2025/BCC/DESM-DRRB (2025)

    Establishes and enforces an usury rate cap for all credit operations and mandates transparent disclosure of the Effective Global Rate (TEG).

    [1]

  • Regulatory Decision No. 01-2023/BCC/DSBR (2023)

    Sets rules for calculating and disclosing the Effective Global Rate (TEG) using a specific actuarial formula.

    [2]

  • Regulation No. 013/2015/BCC/DSBR (2015)

    Mandates credit institutions to join and fund the Credit and Payment Incident Central Registry (CdRIP) for monitoring solvency and defaults.

    [3]

  • Regulation 005/2015/BCC/DSBR (2015)

    Establishes mandatory rules for classifying credit claims into four risk categories and mandates specific minimum provisioning rates.

    [4]

  • Law No. 12-011/AU (2012)

    Regulates leasing operations, defining legal frameworks for credit-bail contracts, contractual formalities, and registration requirements.

    [5]

Licensing & registration

  • Credit Institution

    Entities conducting credit operations are subject to BCC regulation, including prudential oversight and registry participation. Specific licensing categories or capital floors for new entrants are not detailed in the provided documents.

    Low confidence — verify with the regulator before relying on this.

Restrictions & warnings

  • Lenders must adhere to a statutory usury rate cap and transparently disclose the Effective Global Rate (TEG). Credit institutions are required to classify claims into four risk categories and maintain specific minimum provisioning rates.

    [1][2][4]

  • Mandatory participation in the Credit and Payment Incident Central Registry (CdRIP) is required for all credit institutions to monitor solvency and payment defaults.

    [3]

Direction of travel

  • The regulatory environment is actively updating consumer protection measures, evidenced by the 2025 usury rate regulation and 2023 TEG disclosure rules, indicating a continued focus on transparency and financial stability.

    [1][2]

Sources

  1. Regulation No. 2025/BCC/DESM-DRRB on the Establishment of an Usury Rate for Credit Operations · 2025-01-01
  2. Regulatory Decision No. 01-2023/BCC/DSBR on the Implementation of the Effective Global Rate (TEG) for Credit Operations · 2023-01-01
  3. Regulation No. 013/2015/BCC/DSBR on the Operation of the Credit and Payment Incident Central Registry · 2015-02-03
  4. Regulation 005 on the Classification and Provisioning of Credit Institutions' Claims · 2015-02-03
  5. Union of the Comoros Decree Promulgating Law No. 12-011/AU on the Regulation and Organization of Leasing · 2012-08-07

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This guide is compiled automatically from 5 primary-source documents published by Comoros's regulators, reviewed by RegAlert, and refreshed monthly (last updated 2026-07-12). It is not legal advice — always confirm requirements with the regulator or local counsel before acting.