03
April
2008
The Decree on creation of the Mining Bank of Congo in the Democratic Republic of Congo is signed
On April 1, 2008 the President of Democratic Republic Congo
(DRC) J. Kabila signed the Decree on the creation of "Mining Bank
of Congo", registered in the capital of DRC Kinshasa. Mining Bank
of Congo will give a full spectrum of bank services, including
settlement-cash service, crediting of Russian and foreign companies
on the security of concessions or objects of the real estate,
granting in rent individual safe cells, operations with precious
metals, consulting services to the companies interested in the
market of DRC. The bank will also finance projects in the mountain
extraction, electric power industry and wood sphere.
Today the basic shareholder of bank is IFC METROPOL. In the future
the Russian and foreign investors interested in entering the market
of DRC will be involved in cooperation. The bank is to begin its
activity this year.
