Although the Bank is expected to contribute to the development of microfinance, this will eventually be phased out so that the Bank can revert to its core roles as supervisor & regulator of the financial system. Whilst contributing to the development of the microfinance sector, the Bank does not at all compromise its primary roles and responsibilities.
All licensed financial institutions, including microbanks and licensed microfinancial institutions are expected to fully comply with the regulatory and prudential requirements of the Bank. Protection of public deposits and stability of the financial system are at the centre of the Bank’s objectives.