Executive Summary
CA-A.1.1
The purpose of this module is to set out the CBB's regulations for minimum capital requirements. This requirement is supported by Article 44(c) of the Central Bank of Bahrain and Financial Institutions Law 2006 (CBB Law).
January 2014CA-A.1.2
Principle 9 of the Principles of Business requires that
microfinance institution licensees maintain adequate human, financial and other resources, sufficient to run their business in an orderly manner (see Section PB-1.9). In addition, Condition 5 of the CBB's Authorised Conditions (Section AU-2.5) requiresmicrofinance institution licensees to maintain financial resources in excess of the minimum requirements specified in this Module.January 2014CA-A.1.3
This Module sets out the minimum capital requirements which
microfinance institution licensees must meet as a condition of their licensing.January 2014CA-A.1.4
The purpose of these requirements is to ensure that
microfinance institution licensees hold sufficient financial resources to provide some protection against unexpected losses.January 2014CA-A.1.5
The CBB requires that
microfinance institution licensees maintain adequate capital in accordance with the requirements of this Module, against their risks.January 2014