Department of Licensing and Permitting Procedures

Contact details

Phone: 71-212-73-33

Tasks and Functions

• reviewing applications for the licensing of banks, microfinance banks, banks conducting Islamic banking activities, payment organizations, payment system operators, foreign exchanges and credit bureaus;

• reviewing applications for the registration of non-bank credit institutions (microfinance organizations, factoring organizations, guarantee organizations, and mortgage refinancing organizations);

• receiving notifications on the commencement and termination of pawnshop operations;

• reviewing applications for the approval of candidates nominated for membership of a bank’s Supervisory Board, Management Board and Islamic Finance Board, as well as candidates for key function holders in a bank, prior to their appointment;

• reviewing applications for the issuance of authorization documents related to banking activities and the activities of non-bank credit institutions;

• reviewing documents related to the registration of the charters of banks and credit bureaus, as well as any amendments and additions thereto;

• receiving notifications regarding the opening and closure of bank branches, banking service offices, and branches of non-bank credit institutions;

• maintaining the register of licenses and authorization documents issued by the Central Bank, as well as the register of notifications received;

• registering the terms of the issuance and circulation of banks’ certificates of deposit, including any amendments and additions thereto;

• reviewing applications for the issuance of qualification certificates authorizing auditors to conduct audits of banks.