Licensing Regime
Licensing directives stipulate minimum requirements to operate in the banking sector. The table below briefly summarizes some of the requirements for each type of banking institution. Applicants are, however, advised to read through the applicable directives to fully understand all the requirements.
| Entity | Application Fee | Minimum Capital | Governance | Duration |
|---|---|---|---|---|
| Bank | Kwacha equivalent of USD5000 | MK10 billion | Board of Directors and Senior Management | Perpetual |