Central Bank of Nigeria - Circular - Amendment of The Revised Regulatory and Supervisory Guidelines for Microfinance Banks


This is a circular letter to all directors and shareholders of micro finance banks outlining the changes of an amendment to The Revised Regulatory and Supervisory Guidelines for Micro finance Banks. Specifically, the amendment allows unit micro finance banks to have one branch in the same local government area, contingent upon various requirements as discussed in the circular, such as the availability of Free Funds and capital base.

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Friday, November 15, 2013
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Central Bank of Nigeria
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