Sunday, 17 November 2019
HOT NEWS
Improving the Business climate in DRC, "the indicator allowed to build improved":   To meet the requirements of flexibility and speed in the process of obtaining the building permit, the Government through the Ministry of Planning and Housing has taken a Ministerial Decree No. CAB / MIN-UH / 023/2018 of the May 31, 2018 amending                                                    Official launch of the activities of the 2th edition of the fair International Agricultural of Kinshasa: Under the initiative of the Provincial Ministry of Agriculture of Kinshasa, the official launch for the 2nd International Agricultural Fair of Kinshasa took place on Wednesday June 14, 2017 at the KEMPISKI FLEUVE CONGO HOTEL. During the ceremony, several speeches were                                                    The Democratic Republic of Congo presents the Doing Business 2018 reforms: Under the patronage of His Excellency BAHATI LUKUEBO, Minister of State, Minister of Planning, the National Agency for the Promotion of Investment organized on Tuesday, May 30, 2017, at  Pullman Hotel, a workshop presenting the 2018 Doing Business reforms. Six indicators                                                    “The time for Africa is now – we can’t slow down, we must quicken the pace”: Adesina: India is the perfect place for the African Development Bank to focus on the transformative power of agriculture, Bank President Akinwumi Adesina has told the African, Indian and international press. “India is an inspiration to Africa, in that its Green                                                    Burey Gold expands in Kilo-Moto greenstone belt: Mining company Burey Gold inked an agreement with Emirati firm Medidoc FZE to buy a 60% onterest in Tendao project which comprises five exploration licences covering a total of 1,456 km², in North-Western part of DR Congo. The deal will                                                    DRC will take part at The Sixth Tokyo International Conference on African Development (TICAD VI) Summit in Nairobi: The Democratic Republic of Congo will take part at The Sixth Tokyo International Conference on African Development (TICAD VI) Summit in Nairobi, Kenya's capital. The delegation led by the Managing Director of the National Vocational Training Institute (INPP), Maurice Tshikuya                                                    kwilu: sensitization of executives of the public administration on the improvement of the business climate: Executives of the public administration and the private sector in the province of Kwilu and particularly those from Bandundu city, the capital of the province have been sensitized for two days on the reforms implemented to improve the business and                                                    Need to adapt the geological map of the DRC to the understanding of new minerals: Mr. Ikoli, Deputy Chief of Staff of the Minister of Mines, noted the need to adapt the old geological map of 1972 to the understanding of new minerals at the opening of the validation workshop of the new geological map                                                    FIKIN opens its doors this Saturday 16th of July 2016: The fair activities of Kinshasa for the year 2016 will start on Saturday, July 16 and close on 15th August, announced the Director General of the International Fair of Kinshasa (FIKIN), Eugene Bokopolo. The N ° 1 of FIKIN engaged with the                                                    The Government has committed to improving the income of farmers for agricultural growth of at least 6%: The Government of the Democratic Republic Congo is planning to sustainably promoteagricultural and food sectors in priority and develop the agri-business between 2015 and 2016. The aim is to improve farmers' incomes and achieve an agricultural growth of at least 6%                                                   

Creation of a bank

Conditions to approve a banking financial institution

I. Legal framework :

Law No. 003/2002 02 February 2002 concerning the activity and supervision of Credit Institutions.

II. Conditions relating to company

  • Build up a regularly limited company in compliance with OHADA law ;
  • Justify a minimum capital subscribed and paid up of the equivalent in Congolese francs of $ 15,000,000 (fifteen million dollars) ;
  • Meeting general or local economic needs.

III. Conditions relating to officers

No person shall establish, manage or control in any capacity a bank if he has been :

  • convicted of an offense under the Act No. 003/2002 of February 2, 2002 or the exchange regulations ;
  • declared bankrupt and has not been rehabilitated, even when the bankruptcy opened in a foreign country ;
  • condemned in Congo or abroad to a custodial sentence of at least three months, even conditional, as a perpetrator or accomplice to the offenses or an attempt of one of the following offenses :
    • counterfeit currency ;
    • forgery or falsification of government paper bank notes, bonds, interest coupons ;
    • forgery or falsification of seals, stamps, dies and trademarks ; forgery and use of forgery ;
    • corruption of public officials or extortion ;
    • theft, extortion, embezzlement or breach of trust, fraud or Concealment ;
    • bankruptcy, fictitious circulation of commercial paper ;
    • money laundering.
  • convicted of political crimes and offenses assimilated by law to those listed above ;
  • if he took part in the administration, management or in the day management of a credit institution whose forced dissolution was ordered or whose bankruptcy was declared.

IV. Key facts or documents to send to the Central Bank of Congo

  • The letter of request for approval to be sent to the Governor of the Central Bank of Congo ;
  • The resolution of the constituent general meeting of the company ;
  • The trade register and movable credit ;
  • The national identification number ;
  • The resolution of the extraordinary general meeting of shareholders of those corporations shareholders of the new bank allowing them to take part in the capital of the future bank ;
  • The original of notarized statutes of the new company ;
  • Proof of payment of the minimum capital required (certificate from a local or foreign bank acknowledging to have received on deposit the amount of the aforementioned capital to set up the proposed bank) ;
  • The list of shareholders ;
  • Composition of the Board of Directors and the Bank’s Management Committee and the curriculum vitae, the criminal records of members and individual shareholders ;
  • Certified financial statements of the last three financial years of legal entities ;
  • The implementation and organization forecasts ;
  • A statement of general policy that the Bank intends to apply ;
  • A feasibility study including forecasts of activities backed by balance sheets and projected operating accounts over a minimum period of 5 years which shows the project profitability ;
  • Details of the technical and financial means that the credit institution intends to implement.

In addition to the conditions listed above, approval is subject to obtaining by the Central Bank of the Congo of the approval from the Supervisory Authority of the country of origin of the parent company or the main promoters regarding banks with foreign capital.

Furthermore, the Central Bank of Congo through its banking supervisory body reserves the right to require any other element or information likely to enlighten its decision.


Source : Central Bank of Congo/DRC

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