Presentation on E Banking in Pakistan by buj14803

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									           Question                                                                                      Albania
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                                      Bank of Albania




1.1.1      Is there more than one body/agency that grants licenses to banks?                 No. Only Bank of Albania (BOA)


                                                                                                BOA give license only for
           Is more than one license required (e.g., one for each banking activity, such as      banking activities, SEC for
1.1.2
           commercial banking, securities operations, insurance, etc.)?                      securities operations and ISM for
                                                                                                    insurance activities.




1.2        How many commercial banks were there at year-end 2001?                                           11




1.2.1      What are the total assets of all commercial banks at year-end 2001?                     318.5 billion of leek




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                   277.8 billion of leek
        Question                                                                                        Albania




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   700 mio LEK
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?          Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                      Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                      Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                       No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                  No
        Question                                                                                  Albania


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 2
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            0
         Question                                                                                   Albania




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      5
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      0
                                                                 have been denied?




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               0



                                                                 Received                             1




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 0




                                                                 Received                             2

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                                      Albania


                                                                 Denied                                   0




                                                                 Received                     2 New incorporated entities




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                                   0




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                        Albania




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




                                                                                              0 (2 are bank incorporated in
1.12.1                                                        Acquisition
                                                                                              Albania from foreign entities.)




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                                    1
         through




1.12.3                                                        Branch                                        2
           Question                                                                                   Algeria
1. Entry into Banking




                                                                                             Conseil de la Monnaie et du
1.1        What body/agency grants commercial banking licenses?
                                                                                                        Crédit




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                    No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                        19




1.2.1      What are the total assets of all commercial banks at year-end 2001?                      2,683 G DZA




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                    1,679 G DZA
        Question                                                                                      Algeria




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?        Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                     No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                     No
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                    Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                No
        Question                                                                                  Algeria


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               No
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 5
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            0
         Question                                                                                   Algeria




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      7
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      0
                                                                 have been denied?




                                                                 Received                             1

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               1



                                                                 Received                             6




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 0




                                                                 Received                             2

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Algeria


                                                                 Denied                         0




                                                                 Received                      N/A




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                        N/A




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?                No

1.11.3                                                           Reputation?                    No



1.11.4                                                           Incomplete application?        No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                  Algeria




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     No, not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      No, not prohibited
         through




1.12.3                                                        Branch                          No, not prohibited
           Question                                                                                       Anguilla
1. Entry into Banking




                                                                                             Ministry of Finance (government) on
1.1        What body/agency grants commercial banking licenses?
                                                                                              recommendation of Central Bank




1.1.1      Is there more than one body/agency that grants licenses to banks?                                 Yes



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                        Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                             4




1.2.1      What are the total assets of all commercial banks at year-end 2001?                            $863.80




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                          $683.40
        Question                                                                                      Anguilla




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   EC$5.0m
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?         No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                     Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                     Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                     No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                No
        Question                                                                                  Anguilla


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            N/A
         Question                                                                                   Anguilla




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                     None
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      N/A
                                                                 have been denied?




                                                                 Received                            None

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               N/A



                                                                 Received                            None




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 N/A




                                                                 Received                            None

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Anguilla


                                                                 Denied                         N/A




                                                                 Received                      None




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         N/A




1.11.1                                                           Capital amount or quality?     N/A




1.11.2                                                           Banking skills?                N/A

1.11.3                                                           Reputation?                    N/A



1.11.4                                                           Incomplete application?        N/A




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Anguilla




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.       N/A




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                               Antigua and Barbuda
1. Entry into Banking




                                                                                             Ministry of Finance (government)
1.1        What body/agency grants commercial banking licenses?                               on recommendation of Central
                                                                                                            Bank




1.1.1      Is there more than one body/agency that grants licenses to banks?                               Yes



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           8




1.2.1      What are the total assets of all commercial banks at year-end 2001?                          $2,517.80




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                        $2,004.00
        Question                                                                                      Antigua and Barbuda




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                        EC$5.0m
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?               No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                          Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                          Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                           No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                      No
        Question                                                                                  Antigua and Barbuda


1.8.1                                                        Draft by-laws?                              Yes



1.8.2                                                        Intended organization chart?                Yes


                                                             Financial projections for first
1.8.3                                                                                                    Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                    Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                    Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                    Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                    Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                      None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                                 N/A
         Question                                                                                   Antigua and Barbuda




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                           None
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                           N/A
                                                                 have been denied?




                                                                 Received                                  None

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                    N/A



                                                                 Received                                  None




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                      N/A




                                                                 Received                                  None

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Antigua and Barbuda


                                                                 Denied                              N/A




                                                                 Received                            None




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                              N/A




1.11.1                                                           Capital amount or quality?          N/A




1.11.2                                                           Banking skills?                     N/A

1.11.3                                                           Reputation?                         N/A



1.11.4                                                           Incomplete application?             N/A




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                             Antigua and Barbuda




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.          N/A




1.12.1                                                        Acquisition                        Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                         Not prohibited
         through




1.12.3                                                        Branch                             Not prohibited
           Question                                                                                     Argentina
1. Entry into Banking




                                                                                             The Central Bank of the Republic
1.1        What body/agency grants commercial banking licenses?
                                                                                                         Argentina




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                       No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           86




                                                                                               121.921,1 $ million, which is
                                                                                              equivalent to us$ 42.779 to the
1.2.1      What are the total assets of all commercial banks at year-end 2001?
                                                                                               type of change 1 us$ = $ 2,85
                                                                                                    (quote to 09.06.03).
                                                                                                66.742,7 $ million, which is
                                                                                              equivalent to us$ 23.419 to the
1.2.2      What are the total deposits of all commercial banks at year-end 2001?
                                                                                               type of change 1 us$ = $ 2,85
                                                                                                    (quote to 09.06.03).
        Question                                                                                                 Argentina




                                                                                                      Commercial banks Wholesalers $
                                                                                                       10.000.000 (Ten million weight)
                                                                                                        Commercial banks Retailers $
        What is the minimum capital entry requirement? (in US$ and/or domestic currency,                 15.000.000 (Fifteen million
1.3
        state which)                                                                                               weight)
                                                                                                      Commercial banks of The Second
                                                                                                        Degree $ 15.000.000 (Fifteen
                                                                                                               million weight)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                     Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                 Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                 Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                 No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                            Yes
        Question                                                                                             Argentina


1.8.1                                                        Draft by-laws?                                     Yes



1.8.2                                                        Intended organization chart?                       Yes


                                                             Financial projections for first
1.8.3                                                                                                           Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                           Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                       Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                           Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                           Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                            No
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                               7 (seven) requests were received.
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                               5 (five) were refused.
         Question                                                                                   Argentina




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       14
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       0
                                                                 have been denied?




                                                                 Received                              6

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               N/A



                                                                 Received                              4




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 N/A




                                                                 Received                              4

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Argentina


                                                                 Denied                         N/A




                                                                 Received                       N/A




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         N/A




1.11.1                                                           Capital amount or quality?     Yes




1.11.2                                                           Banking skills?                Yes

1.11.3                                                           Reputation?                     No



1.11.4                                                           Incomplete application?        Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Argentina




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.         N/A




1.12.1                                                        Acquisition                     No, not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      No, not prohibited
         through




1.12.3                                                        Branch                          No, not prohibited
           Question                                                                                     Armenia
1. Entry into Banking




                                                                                             Central Bank of the Republic of
1.1        What body/agency grants commercial banking licenses?
                                                                                                        Armenia




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                          22




1.2.1      What are the total assets of all commercial banks at year-end 2001?                       205.6 bln AMD




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                     103.4 bln AMD
        Question                                                                                        Armenia




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   1,300,000 USD
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?           Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                       Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                        No
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                        No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                   No
        Question                                                                                  Armenia


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                  7
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                             2
         Question                                                                                   Armenia




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       4
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       1
                                                                 have been denied?




                                                                 Received                              0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                0



                                                                 Received                              1




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                  0




                                                                 Received                              0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Armenia


                                                                 Denied                          0




                                                                 Received                        3




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                          1




1.11.1                                                           Capital amount or quality?     Yes




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Armenia




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                    Aruba
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              The Centrale Bank van Aruba




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                    No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                        5




                                                                                             AWG 2,358 mill. (USD 1,318
1.2.1      What are the total assets of all commercial banks at year-end 2001?
                                                                                                       mill)



                                                                                             AWG 2,101 mill (USD 1,174
1.2.2      What are the total deposits of all commercial banks at year-end 2001?
                                                                                                       mill)
        Question                                                                                                 Aruba




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   AFL 5 million (USD 3 million)
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                   Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                               Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                               Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                           No
        Question                                                                                     Aruba


1.8.1                                                        Draft by-laws?                            Yes



1.8.2                                                        Intended organization chart?              Yes


                                                             Financial projections for first
1.8.3                                                                                                  Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                  Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                              Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                  Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                  Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                  Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                   None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                          Not applicable
         Question                                                                                   Aruba




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      1
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                    None
                                                                 have been denied?




                                                                 Received                             1

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                             None



                                                                 Received                           None




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                               None




                                                                 Received                           None

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                                Aruba


                                                                 Denied                           None




                                                                 Received                         None




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                           None




1.11.1                                                           Capital amount or quality?   Not applicable




1.11.2                                                           Banking skills?              Not applicable

1.11.3                                                           Reputation?                  Not applicable



1.11.4                                                           Incomplete application?      Not applicable




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                          Aruba




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.            Not applicable




                                                                                              Not prohibited; however the prior
1.12.1                                                        Acquisition                      wirtten approval of the CBA is
                                                                                                           needed




                                                                                              Not prohibited; however the prior
         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                       wirtten approval of the CBA is
         through
                                                                                                           needed




                                                                                              Not prohibited; however the prior
1.12.3                                                        Branch                           wirtten approval of the CBA is
                                                                                                           needed
           Question                                                                                      Australia
1. Entry into Banking



                                                                                                    1.1 Australian Prudential
                                                                                                Regulation Authority (APRA)
                                                                                               under Section 9 of the Banking
                                                                                              Act 1959 – refer attachment for
                                                                                                          clarification.
                                                                                             As mentioned in the attachment,
                                                                                             all the references to “banks” have
                                                                                                 been changed to “authorised
                                                                                                deposit-taking institutions” or
                                                                                             “ADIs” under the new regulatory
                                                                                               framework. There is no formal
                                                                                                   definition provided in the
1.1        What body/agency grants commercial banking licenses?
                                                                                               Banking Act 1959 for the term
                                                                                                    “commercial banks”. In
                                                                                                accordance with the Banking
                                                                                              Act, “commercial banks” can be
                                                                                                 informally defined as a body
                                                                                             corporate with an authority under
                                                                                                  the Act to carry on banking
                                                                                             business in Australia and (to use
                                                                                               the word “bank”) must have at
                                                                                                  least A$50 million in Tier 1
                                                                                              capital or be branches of foreign
                                                                                                             banks.




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                       Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                            52




1.2.1      What are the total assets of all commercial banks at year-end 2001?                         A$835 billion




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                       A$466 billion
        Question                                                                                                  Australia




                                                                                                       1.3 A$50 million Tier 1 capital
                                                                                                        for locally incorporated ADIs
                                                                                                              (whether these be
                                                                                                      Australian/foreign owned) which
        What is the minimum capital entry requirement? (in US$ and/or domestic currency,              intend to use the word “bank” in
1.3
        state which)                                                                                  their company / trading names or
                                                                                                       to describe, advertise, etc their
                                                                                                         business; this requirement is
                                                                                                         inapplicable to foreign bank
                                                                                                                   branches.




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                      No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                  Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                  Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                  Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                             Yes
        Question                                                                                  Australia


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                  3
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                             0
         Question                                                                                   Australia




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       10
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       0
                                                                 have been denied?




                                                                 Received                              0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                0



                                                                 Received                              4




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                  0




                                                                 Received                              6

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Australia


                                                                 Denied                          0




                                                                 Received                        0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                          0




1.11.1                                                           Capital amount or quality?      No




1.11.2                                                           Banking skills?                Yes

1.11.3                                                           Reputation?                     No



1.11.4                                                           Incomplete application?         No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                        Australia




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                               a. the supervisory framework /
                                                                                               approach adopted by the home
                                                                                               supervisors of the foreign bank
                                                                                                  applicants not completely
1.11.5                                                        Other reason(s). Please list.      consistent with international
                                                                                                 standards i.e. the Basle core
                                                                                              principles of banking supervision
                                                                                              b. complex ownership / corporate
                                                                                                           structure




1.12.1                                                        Acquisition                              Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                               Not prohibited
         through




1.12.3                                                        Branch                                   Not prohibited
           Question                                                                                   Austria
1. Entry into Banking




                                                                                             Financial Market Authority
1.1        What body/agency grants commercial banking licenses?
                                                                                                       (FMA)




1.1.1      Is there more than one body/agency that grants licenses to banks?                            No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                   No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                       907




1.2.1      What are the total assets of all commercial banks at year-end 2001?                          N/A




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                        N/A
        Question                                                                                                  Austria




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                           EURO 5 million
        state which)




                                                                                                      No in case of a branch of a bank
                                                                                                        from an EU-member state.
1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?          Yes in case of a branch or
                                                                                                      subsidiary of a bank from a non-
                                                                                                             EU member state.




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                 Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                 Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                 No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                            No
        Question                                                                                  Austria


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 22
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                           N/A
         Question                                                                                   Austria




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                     N/A
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                     N/A
                                                                 have been denied?




                                                                 Received                            N/A

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                              N/A



                                                                 Received                            N/A




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                N/A




                                                                 Received                            N/A

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Austria


                                                                 Denied                        N/A




                                                                 Received                      N/A




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                        N/A




1.11.1                                                           Capital amount or quality?    Yes




1.11.2                                                           Banking skills?                No

1.11.3                                                           Reputation?                   Yes



1.11.4                                                           Incomplete application?        No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Austria




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                  Azerbaijan
1. Entry into Banking




                                                                                              National (Central) Bank of
1.1        What body/agency grants commercial banking licenses?
                                                                                                      Azerbaijan




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                    Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                         53




1.2.1      What are the total assets of all commercial banks at year-end 2001?               aproximately 764062827 USD




1.2.2      What are the total deposits of all commercial banks at year-end 2001?             aproximately 411560209 USD
        Question                                                                                      Azerbaijan




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   5000000 USD
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?           Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                       Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                       No
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                       No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                  No
        Question                                                                                  Azerbaijan


1.8.1                                                        Draft by-laws?                          Yes



1.8.2                                                        Intended organization chart?            Yes


                                                             Financial projections for first
1.8.3                                                                                                No
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                            Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                No
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                   1
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                              0
         Question                                                                                   Azerbaijan




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                        3
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                        1
                                                                 have been denied?




                                                                 Received                               0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                 0



                                                                 Received                               2




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                   0




                                                                 Received                               1

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Azerbaijan


                                                                 Denied                           1




                                                                 Received                         0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                           0




1.11.1                                                           Capital amount or quality?      No




1.11.2                                                           Banking skills?                 No

1.11.3                                                           Reputation?                     Yes



1.11.4                                                           Incomplete application?         No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                              Azerbaijan




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.       N/A




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                 Bahrain
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Bahrain Monetary Agency




1.1.1      Is there more than one body/agency that grants licenses to banks?                           No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                 Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                      21




1.2.1      What are the total assets of all commercial banks at year-end 2001?                      BD3.8 bn




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                    BD3.2 bn
        Question                                                                                      Bahrain




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   BD0.5 mn
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?         No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                     Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                     Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                     No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                No
        Question                                                                                  Bahrain


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 3
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            0
         Question                                                                                   Bahrain




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      10
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      1
                                                                 have been denied?




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               0



                                                                 Received                             4




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 1




                                                                 Received                             6

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Bahrain


                                                                 Denied                         0




                                                                 Received                       0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         0




1.11.1                                                           Capital amount or quality?    Yes




1.11.2                                                           Banking skills?               Yes

1.11.3                                                           Reputation?                   Yes



1.11.4                                                           Incomplete application?       Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Bahrain




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                      Belarus
1. Entry into Banking




                                                                                             National Bank of the Republic of
1.1        What body/agency grants commercial banking licenses?
                                                                                                         Belarus




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           27




1.2.1      What are the total assets of all commercial banks at year-end 2001?                        6969.3 bln. rub




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                     1198.5 bln. rub.
        Question                                                                                        Belarus




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   5 mln. EURO
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?           No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                      Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                      Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                      Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                  No
        Question                                                                                  Belarus


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               No
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               No
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 3
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            0
         Question                                                                                   Belarus




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      5
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      4
                                                                 have been denied?




                                                                 Received                             4

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               4



                                                                 Received                             1




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 0




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Belarus


                                                                 Denied                         0




                                                                 Received                       0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         0




1.11.1                                                           Capital amount or quality?     No




1.11.2                                                           Banking skills?                No

1.11.3                                                           Reputation?                    No



1.11.4                                                           Incomplete application?       Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Belarus




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                            Prohibited
           Question                                                                                   Belgium
1. Entry into Banking




                                                                                             Commission for Banking and
1.1        What body/agency grants commercial banking licenses?
                                                                                                  Finance (CBF)




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                    No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                       111




1.2.1      What are the total assets of all commercial banks at year-end 2001?                   1063 Billion Euros




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                  545 Billion Euros
        Question                                                                                                   Belgium




                                                                                                      62.5 Million Euros; The number
                                                                                                      of banks has decreased mainly by
                                                                                                          a significant consolidation
        What is the minimum capital entry requirement? (in US$ and/or domestic currency,               movement with domestic banks
1.3
        state which)                                                                                  over the last five years and by the
                                                                                                        closing of several subsidiaries
                                                                                                       and branches of non-EU banks,
                                                                                                       in particular of Japanese banks.




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                      Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                  Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                  Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                  Yes
        than cash or government securities?




                                                                                                      No; Plain borrowed funds cannot
                                                                                                        be used as regulatory capital.
                                                                                                          However, under the strict
                                                                                                       conditions as laid down by the
1.7     Can initial disbursement of capital be done with borrowed funds?
                                                                                                       Basel Committee on Banking
                                                                                                      Supervision, subordinated loans
                                                                                                       can be acceptable to a limited
                                                                                                        extent (see also question 3.5).
        Question                                                                                              Belgium


1.8.1                                                        Draft by-laws?                                      Yes



1.8.2                                                        Intended organization chart?                        Yes


                                                             Financial projections for first
1.8.3                                                                                                            Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                            Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                        Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                            Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                            Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                            Yes
                                                             for the new bank?




                                                                                                         3; There have been no
                                                                                                   applications formally denied. In
                                                                                                    practice, several contacts form
                                                                                                        interested parties for the
                                                                                                   establishment or the acquisition
                                                                                                    of credit institutions have been
        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                turned down at an early stage by
        been received from domestic entities?
                                                                                                   emphasizing the stringent nature
                                                                                                      of regulatory requirements
                                                                                                  during introductory contacts, thus
                                                                                                       strongly discouraging the
                                                                                                     presentation of incomplete or
                                                                                                       unacceptable applications.




1.9.1   How many of those applications have been denied?                                                          0
         Question                                                                                   Belgium




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      35
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      0
                                                                 have been denied?




                                                                 Received                             13

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               0



                                                                 Received                             4




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 0




                                                                 Received                             18

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                                         Belgium


                                                                 Denied                                       0




                                                                 Received                                     0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                                       0




                                                                                                 There were no application
                                                                                               formally denied, so we cannot
                                                                                              specify primary reasons for such
                                                                                                 denial. However, from the
                                                                                              applications withdrawn by their
                                                                                                promoters in the preliminary
                                                                                              phase, the main reason for such
1.11.1                                                           Capital amount or quality?   withdrawal is the combination of
                                                                                              organizational requirements and
                                                                                                    capital requirements.
                                                                                                Bot Related parties can own
                                                                                              share capital in a bank; there are
                                                                                                no formal limits. Thus there
                                                                                              cannot be penalties for violating
                                                                                                      such limitations.


1.11.2                                                           Banking skills?                          See above

1.11.3                                                           Reputation?                              See above



1.11.4                                                           Incomplete application?                  See above




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Belgium




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.     See above




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                 Belize
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Central Bank of Belize




1.1.1      Is there more than one body/agency that grants licenses to banks?                          No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                 Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                      5




1.2.1      What are the total assets of all commercial banks at year-end 2001?                BZ$1,189,504,000




1.2.2      What are the total deposits of all commercial banks at year-end 2001?               BZ$989,415,000
        Question                                                                                                 Belize




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,              USD1,500,000 and USD50,000
1.3
        state which)                                                                                     for financial institutions




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                    No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                           No
        Question                                                                                  Belize


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 1
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            1
         Question                                                                                   Belize




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                     14
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      7
                                                                 have been denied?




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                              N/A



                                                                 Received                             1




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 0




                                                                 Received                             1

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Belize


                                                                 Denied                         0




                                                                 Received                      12




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         7




1.11.1                                                           Capital amount or quality?    Yes




1.11.2                                                           Banking skills?               Yes

1.11.3                                                           Reputation?                   Yes



1.11.4                                                           Incomplete application?       Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Belize




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                       Benin
1. Entry into Banking




                                                                                              The Minister of Finance, after
                                                                                               review of application by the
                                                                                             Central Bank of the West African
                                                                                             States and favourable opinion of
1.1        What body/agency grants commercial banking licenses?                                 the West African Monetary
                                                                                               Union (Benin, Burkina, Côte
                                                                                              d'Ivoire, Guinea-Bissau, Mali,
                                                                                              Niger, Senegal, Togo) Banking
                                                                                                        Commission.




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           6




1.2.1      What are the total assets of all commercial banks at year-end 2001?                 505535 (billion CFA francs)




1.2.2      What are the total deposits of all commercial banks at year-end 2001?               402206 (billion CFA francs)
        Question                                                                                             Benin




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   1 billion CFA francs.
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?               Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                           Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                           Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                           Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                       No
        Question                                                                                               Benin


1.8.1                                                        Draft by-laws?                                     Yes



1.8.2                                                        Intended organization chart?                       Yes


                                                             Financial projections for first
1.8.3                                                                                                           Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                           Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                       Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                           Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                           Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                           Yes
                                                             for the new bank?




                                                                                                  Not available (processed at first
        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                               stage by the local branch of the
        been received from domestic entities?
                                                                                                          Central Bank).




1.9.1   How many of those applications have been denied?                                                       See 1.9
         Question                                                                                   Benin




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                    See 1.9
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                    See 1.9
                                                                 have been denied?




                                                                 Received                           See 1.9

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                             See 1.9



                                                                 Received                           See 1.9




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                               See 1.9




                                                                 Received                           See 1.9

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Benin


                                                                 Denied                       See 1.9




                                                                 Received                     See 1.9




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                       See 1.9




1.11.1                                                           Capital amount or quality?   See 1.9




1.11.2                                                           Banking skills?              See 1.9

1.11.3                                                           Reputation?                  See 1.9



1.11.4                                                           Incomplete application?      See 1.9




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                 Benin




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                    Bhutan
1. Entry into Banking




                                                                                             Royal Monetary Authority of
1.1        What body/agency grants commercial banking licenses?
                                                                                                      Bhutan




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                    Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                         2




1.2.1      What are the total assets of all commercial banks at year-end 2001?                     Nu.13.7 billion




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                   Nu.10.59 billion
        Question                                                                                         Bhutan




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   Nu.100Million
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?            No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                       Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                       Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                       Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                  Yes
        Question                                                                                  Bhutan


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                               None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            0
         Question                                                                                     Bhutan




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       None
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                         0
                                                                 have been denied?




                                                                 Received                                0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                None



                                                                 Received                                0




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                  None




                                                                 Received                           0; see 1.11.5

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Bhutan


                                                                 Denied                       None




                                                                 Received                       0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                       None




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                         Bhutan




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                              No application received because
                                                                                              of small scale business size due
                                                                                               to tiny population and being a
1.11.5                                                        Other reason(s). Please list.
                                                                                                small developing nation. Jt.
                                                                                              venture exists on a case-by-case
                                                                                                            basis




1.12.1                                                        Acquisition                              Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                               Not prohibited
         through




1.12.3                                                        Branch                                   Not prohibited
           Question                                                                                      Bolivia
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Bank Superintendency of Bolivia




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                          13




1.2.1      What are the total assets of all commercial banks at year-end 2001?                    $US 4612.7 millions




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                  $US 3239.4 millions
        Question                                                                                          Bolivia




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   SDR 5.5 millions
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?             Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                         Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                         Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                         No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                    No
        Question                                                                                  Bolivia


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 0
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            0
         Question                                                                                   Bolivia




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      0
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      0
                                                                 have been denied?




                                                                 Received                             1

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               0



                                                                 Received                             0




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 0




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                                Bolivia


                                                                 Denied                             0




                                                                 Received                           0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                             0




1.11.1                                                           Capital amount or quality?   Not applicable




1.11.2                                                           Banking skills?              Not applicable

1.11.3                                                           Reputation?                  Not applicable



1.11.4                                                           Incomplete application?      Not applicable




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Bolivia




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.   Not applicable




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                            Prohibited
           Question                                                                          Bosnia and Herzegovina
1. Entry into Banking




                                                                                               Banking Agency of the
1.1        What body/agency grants commercial banking licenses?                               Federation of Bosnia and
                                                                                                    Herzegovina




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                    Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                        33




1.2.1      What are the total assets of all commercial banks at year-end 2001?               KM 3,8 bill. (USD 2,1 bill.)




1.2.2      What are the total deposits of all commercial banks at year-end 2001?             KM 2,9 bill. (USD 1,6 bill.)
        Question                                                                                       Bosnia and Herzegovina




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   KM 15 mill. (USD 8,3 mill.)
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                  Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                               No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                              Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                              Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                         Yes
        Question                                                                                  Bosnia and Herzegovina


1.8.1                                                        Draft by-laws?                                Yes



1.8.2                                                        Intended organization chart?                  Yes


                                                             Financial projections for first
1.8.3                                                                                                      Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                      Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                  Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                      Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                      Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                      Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                       None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                                  None
         Question                                                                                   Bosnia and Herzegovina




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                             13
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                              2
                                                                 have been denied?




                                                                 Received                                    10

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                       2



                                                                 Received                                     3




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                         0




                                                                 Received                                     0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Bosnia and Herzegovina


                                                                 Denied                                 0




                                                                 Received                               0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                                 0




1.11.1                                                           Capital amount or quality?            No




1.11.2                                                           Banking skills?                       No

1.11.3                                                           Reputation?                           Yes



1.11.4                                                           Incomplete application?               Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                             Bosnia and Herzegovina




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                         Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                          Not prohibited
         through




1.12.3                                                        Branch                              Not prohibited
           Question                                                                           Botswana
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Central bank




1.1.1      Is there more than one body/agency that grants licenses to banks?                     No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                            Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                 5




1.2.1      What are the total assets of all commercial banks at year-end 2001?                P11.1 bn




1.2.2      What are the total deposits of all commercial banks at year-end 2001?               P7.9 bn
        Question                                                                                      Botswana




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                    P5 m
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?         Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                     Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                     Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                     No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                No
        Question                                                                                  Botswana


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                           None
         Question                                                                                   Botswana




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      One
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                     None
                                                                 have been denied?




                                                                 Received                            None

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied



                                                                 Received                             One




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied




                                                                 Received                             N/A

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Botswana


                                                                 Denied




                                                                 Received                      None




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied




1.11.1                                                           Capital amount or quality?     No




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                         Botswana




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                              (NB: please ignore entry at 1.11.1
1.11.5                                                        Other reason(s). Please list.
                                                                                                            above)




1.12.1                                                        Acquisition                              Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                               Not prohibited
         through




1.12.3                                                        Branch                                      Prohibited
           Question                                                                                   Brazil
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              The Central Bank of Brazil




1.1.1      Is there more than one body/agency that grants licenses to banks?                            No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                   Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                       180




1.2.1      What are the total assets of all commercial banks at year-end 2001?                    R$ 911.7 billion




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                  R$ 362.7 billion
        Question                                                                                          Brazil




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   R$ 17.5 million
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?            Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                        Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                        Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                         No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                    No
        Question                                                                                  Brazil


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 5
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            0
         Question                                                                                   Brazil




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                     32
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      1
                                                                 have been denied?




                                                                 Received                            10

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               0



                                                                 Received                            22




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 1




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Brazil


                                                                 Denied                         0




                                                                 Received                       0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         0




1.11.1                                                           Capital amount or quality?    No




1.11.2                                                           Banking skills?               No

1.11.3                                                           Reputation?                   Yes



1.11.4                                                           Incomplete application?       No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Brazil




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                          British Virgin Islands
1. Entry into Banking




                                                                                             BVI Financial Services
1.1        What body/agency grants commercial banking licenses?
                                                                                                  Commission




1.1.1      Is there more than one body/agency that grants licenses to banks?                          No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                 Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                      5




1.2.1      What are the total assets of all commercial banks at year-end 2001?               Approx. US$1.3 billion




1.2.2      What are the total deposits of all commercial banks at year-end 2001?             Approx. US$1 billion
        Question                                                                                      British Virgin Islands




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                       US$2 million
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                            Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                            Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                            No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                       No
        Question                                                                                  British Virgin Islands


1.8.1                                                        Draft by-laws?                                Yes



1.8.2                                                        Intended organization chart?                  Yes


                                                             Financial projections for first
1.8.3                                                                                                      Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                      Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                  Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                      Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                      Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                      Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                         1
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                                    0
         Question                                                                                   British Virgin Islands




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                              3
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                              0
                                                                 have been denied?




                                                                 Received                                     2

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                       0



                                                                 Received                                     1




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                         0




                                                                 Received                                     0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             British Virgin Islands


                                                                 Denied                                 0




                                                                 Received                               0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                                 0




1.11.1                                                           Capital amount or quality?            N/A




1.11.2                                                           Banking skills?                       N/A

1.11.3                                                           Reputation?                           N/A



1.11.4                                                           Incomplete application?               N/A




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                             British Virgin Islands




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.            N/A




1.12.1                                                        Acquisition                         Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                          Not prohibited
         through




1.12.3                                                        Branch                              Not prohibited
           Question                                                                                   Bulgaria
1. Entry into Banking




                                                                                             The Central Bank - Bulgarian
1.1        What body/agency grants commercial banking licenses?
                                                                                                 National Bank (BNB)




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                    Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                         35




1.2.1      What are the total assets of all commercial banks at year-end 2001?                     BGN 12 204 mio




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                   BGN 9 559 mio
        Question                                                                                              Bulgaria




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   BGN 10 mio (~USD 5.4 mio)
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                 Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                             Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                             Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                              No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                         No
        Question                                                                                  Bulgaria


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                  4
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                             2
         Question                                                                                   Bulgaria




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      11
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       0
                                                                 have been denied?




                                                                 Received                              6

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                0



                                                                 Received                              2




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                  0




                                                                 Received                              2

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Bulgaria


                                                                 Denied                          0




                                                                 Received                        1




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                          0




1.11.1                                                           Capital amount or quality?     Yes




1.11.2                                                           Banking skills?                Yes

1.11.3                                                           Reputation?                    Yes



1.11.4                                                           Incomplete application?        No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Bulgaria




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.        No




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                   Burkina Faso
1. Entry into Banking




                                                                                              The Minister of Finance, after
                                                                                               review of application by the
                                                                                             Central Bank of the West African
                                                                                             States and favourable opinion of
1.1        What body/agency grants commercial banking licenses?                                 the West African Monetary
                                                                                               Union (Benin, Burkina, Côte
                                                                                              d'Ivoire, Guinea-Bissau, Mali,
                                                                                              Niger, Senegal, Togo) Banking
                                                                                                        Commission.




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           7




1.2.1      What are the total assets of all commercial banks at year-end 2001?                 483456 (billion CFA francs)




1.2.2      What are the total deposits of all commercial banks at year-end 2001?               355867 (billion CFA francs)
        Question                                                                                         Burkina Faso




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   1 billion CFA francs.
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?               Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                           Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                           Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                           Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                       No
        Question                                                                                           Burkina Faso


1.8.1                                                        Draft by-laws?                                     Yes



1.8.2                                                        Intended organization chart?                       Yes


                                                             Financial projections for first
1.8.3                                                                                                           Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                           Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                       Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                           Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                           Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                           Yes
                                                             for the new bank?




                                                                                                  Not available (processed at first
        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                               stage by the local branch of the
        been received from domestic entities?
                                                                                                          Central Bank).




1.9.1   How many of those applications have been denied?                                                       See 1.9
         Question                                                                                   Burkina Faso




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      See 1.9
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      See 1.9
                                                                 have been denied?




                                                                 Received                             See 1.9

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               See 1.9



                                                                 Received                             See 1.9




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 See 1.9




                                                                 Received                             See 1.9

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Burkina Faso


                                                                 Denied                         See 1.9




                                                                 Received                       See 1.9




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         See 1.9




1.11.1                                                           Capital amount or quality?     See 1.9




1.11.2                                                           Banking skills?                See 1.9

1.11.3                                                           Reputation?                    See 1.9



1.11.4                                                           Incomplete application?        See 1.9




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                             Burkina Faso




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                     Burundi
1. Entry into Banking




                                                                                             Bank of the Republic of Burundi
1.1        What body/agency grants commercial banking licenses?
                                                                                                (Central Bank of Burundi)




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           7




1.2.1      What are the total assets of all commercial banks at year-end 2001?                      159.626,7 MBIF




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                     88.646,6 MBIF
        Question                                                                                       Burundi




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   1.000 MBIF
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?          Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                      No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                      No
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                      No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                 No
        Question                                                                                  Burundi


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                  4
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                             1
         Question                                                                                   Burundi




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       1
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       1
                                                                 have been denied?




                                                                 Received                              1

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                1



                                                                 Received                              0




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                  0




                                                                 Received                              0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Burundi


                                                                 Denied                          0




                                                                 Received                        0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                          0




1.11.1                                                           Capital amount or quality?     No




1.11.2                                                           Banking skills?                No

1.11.3                                                           Reputation?                    No



1.11.4                                                           Incomplete application?        Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Burundi




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                  Cambodia
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              National Bank of Cambodia




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                   Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                        18




1.2.1      What are the total assets of all commercial banks at year-end 2001?               748,531,165.60 (US Dollars)




1.2.2      What are the total deposits of all commercial banks at year-end 2001?             458,112,356.87 (US Dollars)
        Question                                                                                               Cambodia




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,              50 Billion KHR = $ 13 Million
1.3
        state which)                                                                                               USD




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                    Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                No
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?
        Question                                                                                  Cambodia


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9
        been received from domestic entities?




1.9.1   How many of those applications have been denied?
         Question                                                                                   Cambodia




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      Nil
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      Nil
                                                                 have been denied?




                                                                 Received                             Nil

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               Nil



                                                                 Received                             Nil




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 Nil




                                                                 Received                             Nil

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Cambodia


                                                                 Denied                         Nil




                                                                 Received                       Nil




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         Nil




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                              Cambodia




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                    Cameroon
1. Entry into Banking




                                                                                             Minister of finances ( Monetary
                                                                                             Authority) After corresponding
1.1        What body/agency grants commercial banking licenses?                                 opinion of the Banking
                                                                                              Committee(Commission) of
                                                                                                Central Africa (COTUB)




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                     Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?




1.2.1      What are the total assets of all commercial banks at year-end 2001?




1.2.2      What are the total deposits of all commercial banks at year-end 2001?
        Question                                                                                                Cameroon




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   150 millions to 1 billion F.CFA
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                    Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                            No
        Question                                                                                  Cameroon


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9
        been received from domestic entities?




1.9.1   How many of those applications have been denied?
         Question                                                                                   Cameroon




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                 have been denied?




                                                                 Received

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied



                                                                 Received




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied




                                                                 Received

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Cameroon


                                                                 Denied




                                                                 Received




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                              Cameroon




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                      Canada
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                                  Department of Finance




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      No
           commercial banking, securities operations, insurance, etc.)?




                                                                                             64 (figure includes foreign bank
1.2        How many commercial banks were there at year-end 2001?
                                                                                                    subs and branches)




1.2.1      What are the total assets of all commercial banks at year-end 2001?                     $1,659 billion CND




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                    1,101 billion CND
        Question                                                                                         Canada




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   $5 million CND
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?            Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                        Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                        Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                        Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                   No
        Question                                                                                             Canada


1.8.1                                                        Draft by-laws?                                    Yes



1.8.2                                                        Intended organization chart?                      Yes


                                                             Financial projections for first
1.8.3                                                                                                          Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                          Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                      Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                          Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                          Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                          Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                             5
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                          Don't track application denials
         Question                                                                                             Canada




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                                169
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                                N/A
                                                                 have been denied?




                                                                 Received                                        Nil

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                                                    N/A, Do not track application
                                                                 Denied
                                                                                                              denials


                                                                 Received                                         3




         Number of applications from foreign entities to enter
1.10.2                                                                                              N/A; Don't track application
         through new, capitalized subsidiary?                  Denied
                                                                                                              denials




                                                                 Received                                        21

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Canada


                                                                 Denied                        N/A




                                                                 Received                      145




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                        N/A




1.11.1                                                           Capital amount or quality?    Yes




1.11.2                                                           Banking skills?               Yes

1.11.3                                                           Reputation?                   No



1.11.4                                                           Incomplete application?       No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Canada




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                            Central African Republic
1. Entry into Banking




                                                                                             Minister of finances ( Monetary
                                                                                             Authority) After corresponding
1.1        What body/agency grants commercial banking licenses?                                 opinion of the Banking
                                                                                              Committee(Commission) of
                                                                                                Central Africa (COTUB)




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                     Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?




1.2.1      What are the total assets of all commercial banks at year-end 2001?




1.2.2      What are the total deposits of all commercial banks at year-end 2001?
        Question                                                                                        Central African Republic




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   150 millions to 1 billion F.CFA
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                    Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                            No
        Question                                                                                  Central African Republic


1.8.1                                                        Draft by-laws?                                 Yes



1.8.2                                                        Intended organization chart?                   Yes


                                                             Financial projections for first
1.8.3                                                                                                       Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                       Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                   Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                       Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                       Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                       Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9
        been received from domestic entities?




1.9.1   How many of those applications have been denied?
         Question                                                                                   Central African Republic




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                 have been denied?




                                                                 Received

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied



                                                                 Received




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied




                                                                 Received

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Central African Republic


                                                                 Denied




                                                                 Received




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                             Central African Republic




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                          Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                           Not prohibited
         through




1.12.3                                                        Branch                               Not prohibited
           Question                                                                                      Chad
1. Entry into Banking




                                                                                             Minister of finances ( Monetary
                                                                                             Authority) After corresponding
1.1        What body/agency grants commercial banking licenses?                                 opinion of the Banking
                                                                                              Committee(Commission) of
                                                                                                Central Africa (COTUB)




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                     Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?




1.2.1      What are the total assets of all commercial banks at year-end 2001?




1.2.2      What are the total deposits of all commercial banks at year-end 2001?
        Question                                                                                                  Chad




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   150 millions to 1 billion F.CFA
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                    Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                            No
        Question                                                                                  Chad


1.8.1                                                        Draft by-laws?                       Yes



1.8.2                                                        Intended organization chart?         Yes


                                                             Financial projections for first
1.8.3                                                                                             Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                             Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                         Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                             Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                             Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                             Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9
        been received from domestic entities?




1.9.1   How many of those applications have been denied?
         Question                                                                                   Chad




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                 have been denied?




                                                                 Received

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied



                                                                 Received




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied




                                                                 Received

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Chad


                                                                 Denied




                                                                 Received




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                 Chad




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                       Chile
1. Entry into Banking




                                                                                              The Superintendency of Banks
1.1        What body/agency grants commercial banking licenses?
                                                                                             and Financial Institutions (SBIF)




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                       No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           27




                                                                                              65.410 million of US$ (Dec.
1.2.1      What are the total assets of all commercial banks at year-end 2001?
                                                                                                         2002)



                                                                                              35.621 millions of US$ (Dec.
1.2.2      What are the total deposits of all commercial banks at year-end 2001?
                                                                                                          2002)
        Question                                                                                          Chile




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   9.4 US millions
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?            Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                        Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                        Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                         No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                    No
        Question                                                                                  Chile


1.8.1                                                        Draft by-laws?                       Yes



1.8.2                                                        Intended organization chart?          No


                                                             Financial projections for first
1.8.3                                                                                             Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                             Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          No
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              No
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                             Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              No
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                4
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                           0
         Question                                                                                   Chile




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                     2
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                     0
                                                                 have been denied?




                                                                 Received                            0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                              0



                                                                 Received                            2




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                0




                                                                 Received                            0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                                 Chile


                                                                 Denied                             0




                                                                 Received                           0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                             0




1.11.1                                                           Capital amount or quality?   Not applicable




1.11.2                                                           Banking skills?              Not applicable

1.11.3                                                           Reputation?                  Not applicable



1.11.4                                                           Incomplete application?      Not applicable




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                 Chile




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                   Colombia
1. Entry into Banking




                                                                                             Superintendencia Bancaria de
1.1        What body/agency grants commercial banking licenses?
                                                                                                       Colombia




1.1.1      Is there more than one body/agency that grants licenses to banks?                              No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                     No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                         29




                                                                                             $68.629.034 millones de pesos
1.2.1      What are the total assets of all commercial banks at year-end 2001?
                                                                                                     colombianos



                                                                                             $46.722.214 millones de pesos
1.2.2      What are the total deposits of all commercial banks at year-end 2001?
                                                                                                     colombianos
        Question                                                                                             Colombia




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,              $48.236 millones de pesos
1.3
        state which)                                                                                         colombiano




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                              Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                              Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                              No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                         Yes
        Question                                                                                  Colombia


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                  0
        been received from domestic entities?




1.9.1   How many of those applications have been denied?
         Question                                                                                   Colombia




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       0
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                 have been denied?




                                                                 Received                              0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied



                                                                 Received                              0




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied




                                                                 Received                              0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Colombia


                                                                 Denied




                                                                 Received                        0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Colombia




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                            Prohibited
           Question                                                                           Commonwealth of Dominica
1. Entry into Banking




                                                                                             Ministry of Finance (government)
1.1        What body/agency grants commercial banking licenses?                               on recommendation of Central
                                                                                                            Bank




1.1.1      Is there more than one body/agency that grants licenses to banks?                               Yes



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           5




1.2.1      What are the total assets of all commercial banks at year-end 2001?                           $803.00




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                         $651.00
        Question                                                                                      Commonwealth of Dominica




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                           EC$5.0m
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                 No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                             Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                             Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                             No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                        No
        Question                                                                                  Commonwealth of Dominica


1.8.1                                                        Draft by-laws?                                 Yes



1.8.2                                                        Intended organization chart?                   Yes


                                                             Financial projections for first
1.8.3                                                                                                       Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                       Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                   Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                       Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                       Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                       Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                        None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                                    N/A
         Question                                                                                   Commonwealth of Dominica




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                             None
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                              N/A
                                                                 have been denied?




                                                                 Received                                    None

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                       N/A



                                                                 Received                                    None




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                         N/A




                                                                 Received                                    None

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Commonwealth of Dominica


                                                                 Denied                                 N/A




                                                                 Received                              None




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                                 N/A




1.11.1                                                           Capital amount or quality?             N/A




1.11.2                                                           Banking skills?                        N/A

1.11.3                                                           Reputation?                            N/A



1.11.4                                                           Incomplete application?                N/A




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                             Commonwealth of Dominica




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.             N/A




1.12.1                                                        Acquisition                           Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                            Not prohibited
         through




1.12.3                                                        Branch                                Not prohibited
           Question                                                                                      Congo
1. Entry into Banking




                                                                                             Minister of finances ( Monetary
                                                                                             Authority) After corresponding
1.1        What body/agency grants commercial banking licenses?                                 opinion of the Banking
                                                                                              Committee(Commission) of
                                                                                                Central Africa (COTUB)




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                     Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?




1.2.1      What are the total assets of all commercial banks at year-end 2001?




1.2.2      What are the total deposits of all commercial banks at year-end 2001?
        Question                                                                                                  Congo




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   150 millions to 1 billion F.CFA
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                    Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                            No
        Question                                                                                  Congo


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9
        been received from domestic entities?




1.9.1   How many of those applications have been denied?
         Question                                                                                   Congo




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                 have been denied?




                                                                 Received

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied



                                                                 Received




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied




                                                                 Received

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Congo


                                                                 Denied




                                                                 Received




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Congo




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                  Costa Rica
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Banco Central de Costa Rica




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                    No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                        21




1.2.1      What are the total assets of all commercial banks at year-end 2001?                     $6,449,439,189




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                   $2,319,403,905
        Question                                                                                       Costa Rica




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   $6,922,077.92
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?           Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                       Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                       Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                       Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                   No
        Question                                                                                  Costa Rica


1.8.1                                                        Draft by-laws?                          Yes



1.8.2                                                        Intended organization chart?            Yes


                                                             Financial projections for first
1.8.3                                                                                                Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                            Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                   5
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                              0
         Question                                                                                   Costa Rica




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                        3
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                        0
                                                                 have been denied?




                                                                 Received                               3

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                 0



                                                                 Received                               0




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                   0




                                                                 Received                               0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Costa Rica


                                                                 Denied                           0




                                                                 Received                         0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                           0




1.11.1                                                           Capital amount or quality?      No




1.11.2                                                           Banking skills?                 N/A

1.11.3                                                           Reputation?                     N/A



1.11.4                                                           Incomplete application?         N/A




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                              Costa Rica




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.       N/A




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                        Prohibited
         through




1.12.3                                                        Branch                            Prohibited
           Question                                                                                   Côte d'Ivoire
1. Entry into Banking




                                                                                              The Minister of Finance, after
                                                                                               review of application by the
                                                                                             Central Bank of the West African
                                                                                             States and favourable opinion of
1.1        What body/agency grants commercial banking licenses?                                 the West African Monetary
                                                                                               Union (Benin, Burkina, Côte
                                                                                              d'Ivoire, Guinea-Bissau, Mali,
                                                                                              Niger, Senegal, Togo) Banking
                                                                                                        Commission.




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           15




1.2.1      What are the total assets of all commercial banks at year-end 2001?                 1962813 (billion CFA francs)




1.2.2      What are the total deposits of all commercial banks at year-end 2001?               1282115 (billion CFA francs)
        Question                                                                                         Côte d'Ivoire




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   1 billion CFA francs.
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?               Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                           Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                           Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                           Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                       No
        Question                                                                                           Côte d'Ivoire


1.8.1                                                        Draft by-laws?                                     Yes



1.8.2                                                        Intended organization chart?                       Yes


                                                             Financial projections for first
1.8.3                                                                                                           Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                           Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                       Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                           Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                           Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                           Yes
                                                             for the new bank?




                                                                                                  Not available (processed at first
        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                               stage by the local branch of the
        been received from domestic entities?
                                                                                                          Central Bank).




1.9.1   How many of those applications have been denied?                                                       See 1.9
         Question                                                                                   Côte d'Ivoire




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       See 1.9
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       See 1.9
                                                                 have been denied?




                                                                 Received                              See 1.9

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                See 1.9



                                                                 Received                              See 1.9




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                  See 1.9




                                                                 Received                              See 1.9

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Côte d'Ivoire


                                                                 Denied                          See 1.9




                                                                 Received                        See 1.9




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                          See 1.9




1.11.1                                                           Capital amount or quality?      See 1.9




1.11.2                                                           Banking skills?                 See 1.9

1.11.3                                                           Reputation?                     See 1.9



1.11.4                                                           Incomplete application?         See 1.9




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                             Côte d'Ivoire




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                 Croatia
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Croatian National Bank




1.1.1      Is there more than one body/agency that grants licenses to banks?                          No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                 Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                     43




1.2.1      What are the total assets of all commercial banks at year-end 2001?                 148428 mil HRK




1.2.2      What are the total deposits of all commercial banks at year-end 2001?               104697 mil HRK
        Question                                                                                       Croatia




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   40 mil HRK
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?          Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                      Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                      Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                      No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                 No
        Question                                                                                  Croatia


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           No
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?
         Question                                                                                   Croatia




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                     None
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                 have been denied?




                                                                 Received                            None

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                              None



                                                                 Received                            None




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                None




                                                                 Received                            None

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Croatia


                                                                 Denied                        None




                                                                 Received                      None




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                        None




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Croatia




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                      Cyprus
1. Entry into Banking




                                                                                              The Central Bank of Cyprus is
1.1        What body/agency grants commercial banking licenses?                              the licensing authority for banks
                                                                                                      in the Republic




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                       No
           commercial banking, securities operations, insurance, etc.)?




                                                                                               12 (including 3 specialised
1.2        How many commercial banks were there at year-end 2001?
                                                                                                       institutions)




1.2.1      What are the total assets of all commercial banks at year-end 2001?                          CyP14,6bn




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                        CyP11,5bn
        Question                                                                                      Cyprus




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   CyP3mn
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?        Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                    No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                    Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                    Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                               Yes
        Question                                                                                  Cyprus


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              No
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              No
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                One
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                           One
         Question                                                                                   Cyprus




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                     Two
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                    None
                                                                 have been denied?




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               0



                                                                 Received                             1




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 0




                                                                 Received                             1

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Cyprus


                                                                 Denied                         0




                                                                 Received                       0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         0




1.11.1                                                           Capital amount or quality?    No




1.11.2                                                           Banking skills?               No

1.11.3                                                           Reputation?                   Yes



1.11.4                                                           Incomplete application?       No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                         Cyprus




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                              The application was rejected as
                                                                                               one of the major prospective
1.11.5                                                        Other reason(s). Please list.    shareholders was a company
                                                                                              whose background and activities
                                                                                                  rendered it unsuitable.




1.12.1                                                        Acquisition                             Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                              Not prohibited
         through




1.12.3                                                        Branch                                  Not prohibited
           Question                                                                            Czech Republic
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Czech National Bank




1.1.1      Is there more than one body/agency that grants licenses to banks?                         No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                               Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                    38




1.2.1      What are the total assets of all commercial banks at year-end 2001?                  2 783 bn CZK




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                1 475 bn CZK
        Question                                                                                      Czech Republic




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                    500 mil CZK
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?            No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                        Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                        Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                        Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                   No
        Question                                                                                  Czech Republic


1.8.1                                                        Draft by-laws?                            Yes



1.8.2                                                        Intended organization chart?              Yes


                                                             Financial projections for first
1.8.3                                                                                                  Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                  Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                              Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                  Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                  Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                  Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                     0
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                                0
         Question                                                                                   Czech Republic




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                         10
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                          0
                                                                 have been denied?




                                                                 Received                                 8

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                   0



                                                                 Received                                 2




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                     0




                                                                 Received                                 0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Czech Republic


                                                                 Denied                             0




                                                                 Received                           0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                             0




1.11.1                                                           Capital amount or quality?        No




1.11.2                                                           Banking skills?                   No

1.11.3                                                           Reputation?                       No



1.11.4                                                           Incomplete application?           No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                 Czech Republic




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.   No denial in 1998 - 2002




1.12.1                                                        Acquisition                          Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                           Not prohibited
         through




1.12.3                                                        Branch                               Not prohibited
           Question                                                                                   Denmark
1. Entry into Banking




                                                                                                The Danish Financial
1.1        What body/agency grants commercial banking licenses?
                                                                                             Supervisory Authority (DFSA)




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                    No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                        190




1.2.1      What are the total assets of all commercial banks at year-end 2001?                   1,988,514 mio. DKK




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                  811,585 mio. DKK
        Question                                                                                      Denmark




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   5 mio. Euro
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?          Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                      Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                       No
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                      Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                  No
        Question                                                                                  Denmark


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 13
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                             2
         Question                                                                                    Denmark




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                    Not reported
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                    Not reported
                                                                 have been denied?




                                                                 Received                           Not reported

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                             Not reported



                                                                 Received                           Not reported




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                               Not reported




                                                                 Received                           Not reported

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                              Denmark


                                                                 Denied                       Not reported




                                                                 Received                     Not reported




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                       Not reported




1.11.1                                                           Capital amount or quality?       Yes




1.11.2                                                           Banking skills?                  No

1.11.3                                                           Reputation?                      No



1.11.4                                                           Incomplete application?          Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Denmark




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                    Ecuador
1. Entry into Banking




                                                                                             Superintendency of Banks and
1.1        What body/agency grants commercial banking licenses?
                                                                                                       Insurance




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                    Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                         23




1.2.1      What are the total assets of all commercial banks at year-end 2001?                     Usd$4928000000




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                   Usd$3474000000
        Question                                                                                             Ecuador




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,              Usd$2628940 (Technical
1.3
        state which)                                                                                  Patrimony Min 7886820)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                            Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                            Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                            No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                       No
        Question                                                                                  Ecuador


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                  1
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                             0
         Question                                                                                   Ecuador




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       1
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       1
                                                                 have been denied?




                                                                 Received                              0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                0



                                                                 Received                              0




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                  0




                                                                 Received                              0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Ecuador


                                                                 Denied                          0




                                                                 Received                        1




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                          1




1.11.1                                                           Capital amount or quality?     No




1.11.2                                                           Banking skills?                No

1.11.3                                                           Reputation?                    Yes



1.11.4                                                           Incomplete application?        No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Ecuador




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                       Egypt
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                                   Central Bank of Egypt




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No


                                                                                              No; E-Money, E-banking and
           Is more than one license required (e.g., one for each banking activity, such as   Capital Market activities require
1.1.2
           commercial banking, securities operations, insurance, etc.)?                       prior aproval from the Central
                                                                                                      Bank of Egypt




1.2        How many commercial banks were there at year-end 2001?                                           53




1.2.1      What are the total assets of all commercial banks at year-end 2001?                     441752 million EGB




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                   303911 million EGB
        Question                                                                                                    Egypt




                                                                                                      The authorized capital should not
                                                                                                          be less than hundred million
                                                                                                      Egyptian pounds and the paid up
                                                                                                        capital should not be less than
                                                                                                       fifty million pounds. The capital
                                                                                                       may be paid fully or partially in
                                                                                                      equivalent free currencies. As to
                                                                                                        branches of foreign banks, the
        What is the minimum capital entry requirement? (in US$ and/or domestic currency,              funds allocated for their activities
1.3
        state which)                                                                                   in Egypt should not be less than
                                                                                                          fifteen million dollars or the
                                                                                                       equivalent in foreign currencies.
                                                                                                        The new banking law increases
                                                                                                      the minimum requirements of the
                                                                                                        paid up capital of banks to 500
                                                                                                       million or none for banks and 50
                                                                                                           million dollars for foreign
                                                                                                                    branches.




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                       No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                   Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                   Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                   No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                              No
        Question                                                                                  Egypt


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 4
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            4
         Question                                                                                   Egypt




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      4
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      4
                                                                 have been denied?




                                                                 Received                             5

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               5



                                                                 Received                             0




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 0




                                                                 Received                            13

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Egypt


                                                                 Denied                        13




                                                                 Received                       0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         0




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?                   Yes



1.11.4                                                           Incomplete application?       Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                       Egypt




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.   According to economic needs




1.12.1                                                        Acquisition                           Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                            Not prohibited
         through




1.12.3                                                        Branch                                Not prohibited
           Question                                                                                  El Salvador
1. Entry into Banking




                                                                                             Superintendencia del Sistema
1.1        What body/agency grants commercial banking licenses?
                                                                                                      Financiero




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                    No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                         13




1.2.1      What are the total assets of all commercial banks at year-end 2001?                    US$8,890,478,370




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                  US$6,501,858,520
        Question                                                                                       El Salvador




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   US$12,000,000
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?           Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                       Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                       Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                        No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                  Yes
        Question                                                                                  El Salvador


1.8.1                                                        Draft by-laws?                          Yes



1.8.2                                                        Intended organization chart?            Yes


                                                             Financial projections for first
1.8.3                                                                                                Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                            Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                   2
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                              0
         Question                                                                                              El Salvador




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                                     3
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                                     1
                                                                 have been denied?




                                                                                                     0 (Regarding question 1.10.1, an
                                                                                                     American bank acquired 19% of
                                                                                                      the stock of an existing bank. I
                                                                                                    was not sure if that would qualify
                                                                 Received
                                                                                                          as an acquisition or it is
                                                                                                      necessary to have the control of
         Number of applications from foreign entities to enter
1.10.1                                                                                              the bank to qualify as acquisition,
         through the acquisition of domestic bank?
                                                                                                       so i decided not to include it.)




                                                                 Denied                                              0



                                                                 Received                                            0




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                                0




                                                                 Received                                            1

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             El Salvador


                                                                 Denied                           0




                                                                 Received                         2




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                           1




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                     El Salvador




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.   They did not start operations




1.12.1                                                        Acquisition                            Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                             Not prohibited
         through




1.12.3                                                        Branch                                 Not prohibited
           Question                                                                                Equatorial Guinea
1. Entry into Banking




                                                                                             Minister of finances ( Monetary
                                                                                             Authority) After corresponding
1.1        What body/agency grants commercial banking licenses?                                 opinion of the Banking
                                                                                              Committee(Commission) of
                                                                                                Central Africa (COTUB)




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                     Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?




1.2.1      What are the total assets of all commercial banks at year-end 2001?




1.2.2      What are the total deposits of all commercial banks at year-end 2001?
        Question                                                                                           Equatorial Guinea




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   150 millions to 1 billion F.CFA
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                    Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                            No
        Question                                                                                  Equatorial Guinea


1.8.1                                                        Draft by-laws?                             Yes



1.8.2                                                        Intended organization chart?               Yes


                                                             Financial projections for first
1.8.3                                                                                                   Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                   Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                               Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                   Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                   Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                   Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9
        been received from domestic entities?




1.9.1   How many of those applications have been denied?
         Question                                                                                   Equatorial Guinea




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                 have been denied?




                                                                 Received

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied



                                                                 Received




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied




                                                                 Received

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Equatorial Guinea


                                                                 Denied




                                                                 Received




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                             Equatorial Guinea




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                       Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                        Not prohibited
         through




1.12.3                                                        Branch                            Not prohibited
           Question                                                                                     Estonia
1. Entry into Banking




                                                                                             Estonian Financial Supervision
1.1        What body/agency grants commercial banking licenses?
                                                                                                        Authority




1.1.1      Is there more than one body/agency that grants licenses to banks?                              No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                     Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                     6+1 branch




1.2.1      What are the total assets of all commercial banks at year-end 2001?                    68 411 million EEK




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                  42 699 million EEK
        Question                                                                                         Estonia




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   75 million EEK
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?            No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                        Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                        Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                        No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                   Yes
        Question                                                                                         Estonia


1.8.1                                                        Draft by-laws?                                Yes



1.8.2                                                        Intended organization chart?                  Yes


                                                             Financial projections for first
1.8.3                                                                                                      Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                      Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                  Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                      Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                      Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                      Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                               1 new+ several mergers
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                                  None
         Question                                                                                   Estonia




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                     None
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                     None
                                                                 have been denied?




                                                                 Received                            None

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                              None



                                                                 Received                            None




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                None




                                                                 Received                            None

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                                Estonia


                                                                 Denied                           None




                                                                 Received                         None




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                           None




1.11.1                                                           Capital amount or quality?   Not applicable




1.11.2                                                           Banking skills?              Not applicable

1.11.3                                                           Reputation?                  Not applicable



1.11.4                                                           Incomplete application?      Not applicable




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Estonia




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.   Not applicable




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                    Fiji
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              The Reserve Bank of Fiji




1.1.1      Is there more than one body/agency that grants licenses to banks?                           No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                  Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                       6




1.2.1      What are the total assets of all commercial banks at year-end 2001?                       US$938




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                     US$850
        Question                                                                                       Fiji




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   US$1m
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?        Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                    Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                    Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                    No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                               No
        Question                                                                                  Fiji


1.8.1                                                        Draft by-laws?                       No



1.8.2                                                        Intended organization chart?         Yes


                                                             Financial projections for first
1.8.3                                                                                             Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                             Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                         Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                             Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                             Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                             Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                               None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                          None
         Question                                                                                   Fiji




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                    One
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                    One
                                                                 have been denied?




                                                                 Received                           None

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                             None



                                                                 Received                           One




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                               One




                                                                 Received                           None

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Fiji


                                                                 Denied                       None




                                                                 Received                     None




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                       None




1.11.1                                                           Capital amount or quality?   Yes




1.11.2                                                           Banking skills?              Yes

1.11.3                                                           Reputation?                  Yes



1.11.4                                                           Incomplete application?      No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                           Fiji




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                              The applicant did not own a bank
1.11.5                                                        Other reason(s). Please list.
                                                                                                    in their own country




1.12.1                                                        Acquisition                              Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                               Not prohibited
         through




1.12.3                                                        Branch                                   Not prohibited
           Question                                                                                     Finland
1. Entry into Banking




                                                                                             Ministry of Finance. According
                                                                                             to coming law on the Financial
1.1        What body/agency grants commercial banking licenses?
                                                                                              Supervision Authority (FSA).
                                                                                                 Insurance is not banking.




1.1.1      Is there more than one body/agency that grants licenses to banks?                              No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                     No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                          8




1.2.1      What are the total assets of all commercial banks at year-end 2001?                    114471 million euros




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                  38651 million euros
        Question                                                                                         Finland




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   5 million euros
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?             No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                         No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                        Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                        Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                   Yes
        Question                                                                                  Finland


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               No
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               No
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 5
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            0
         Question                                                                                   Finland




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      1
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      1
                                                                 have been denied?




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               0



                                                                 Received                             0




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 0




                                                                 Received                             1

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Finland


                                                                 Denied                         1




                                                                 Received                       0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         0




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                       Finland




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                              Supervisory standards in home
1.11.5                                                        Other reason(s). Please list.
                                                                                                 country. Lack of MoU.




1.12.1                                                        Acquisition                            Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                             Not prohibited
         through




1.12.3                                                        Branch                                 Not prohibited
           Question                                                                                       France
1. Entry into Banking




                                                                                              The Comité des Etablissements
                                                                                                de Crédit et des Entreprises
                                                                                                 d'Investissement (CECEI)
1.1        What body/agency grants commercial banking licenses?
                                                                                                The Committee of the credit
                                                                                             institutions and the companies of
                                                                                                         investment




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                       No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                          444




1.2.1      What are the total assets of all commercial banks at year-end 2001?                               -




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                             -
        Question                                                                                      France




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   5 MEUR
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?        Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                    Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                    Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                    Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                               Yes
        Question                                                                                   France


1.8.1                                                        Draft by-laws?                          Yes



1.8.2                                                        Intended organization chart?            Yes


                                                             Financial projections for first
1.8.3                                                                                                Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                            Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                No
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                No
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                               11 in 2001
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            None
         Question                                                                                   France




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      -
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      -
                                                                 have been denied?




                                                                 Received                             -

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               -



                                                                 Received                             -




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 -




                                                                 Received                             -

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             France


                                                                 Denied                         -




                                                                 Received                       -




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         -




1.11.1                                                           Capital amount or quality?    N/A




1.11.2                                                           Banking skills?               N/A

1.11.3                                                           Reputation?                   N/A



1.11.4                                                           Incomplete application?       N/A




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                France




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                      Gabon
1. Entry into Banking




                                                                                             Minister of finances ( Monetary
                                                                                             Authority) After corresponding
1.1        What body/agency grants commercial banking licenses?                                 opinion of the Banking
                                                                                              Committee(Commission) of
                                                                                                Central Africa (COTUB)




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                     Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?




1.2.1      What are the total assets of all commercial banks at year-end 2001?




1.2.2      What are the total deposits of all commercial banks at year-end 2001?
        Question                                                                                                 Gabon




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   150 millions to 1 billion F.CFA
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                    Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                            No
        Question                                                                                  Gabon


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9
        been received from domestic entities?




1.9.1   How many of those applications have been denied?
         Question                                                                                   Gabon




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                 have been denied?




                                                                 Received

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied



                                                                 Received




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied




                                                                 Received

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Gabon


                                                                 Denied




                                                                 Received




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Gabon




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                 Gambia
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Central Bank of Gambia




1.1.1      Is there more than one body/agency that grants licenses to banks?                          No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                 No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                      6




1.2.1      What are the total assets of all commercial banks at year-end 2001?                   US$111.65M




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                  US$67.94M
        Question                                                                                      Gambia




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                    None
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?        No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                    Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                    Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                    Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                               No
        Question                                                                                  Gambia


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 2
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                           None
         Question                                                                                   Gambia




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      4
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                     None
                                                                 have been denied?




                                                                 Received                             1

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               0



                                                                 Received                             0




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 0




                                                                 Received                             1

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Gambia


                                                                 Denied                         0




                                                                 Received                       0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         0




1.11.1                                                           Capital amount or quality?    Yes




1.11.2                                                           Banking skills?               Yes

1.11.3                                                           Reputation?                   Yes



1.11.4                                                           Incomplete application?       Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                        Gambia




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.   Qualified of propsed management




1.12.1                                                        Acquisition                             Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                              Not prohibited
         through




1.12.3                                                        Branch                                  Not prohibited
           Question                                                                                     Germany
1. Entry into Banking




                                                                                                 BaFin - Federal Financial
1.1        What body/agency grants commercial banking licenses?
                                                                                                  Supervisory Authority




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                          2526




                                                                                                       € 6,386,110
1.2.1      What are the total assets of all commercial banks at year-end 2001?               6452299 (all banks as of year-end
                                                                                                           2002)

                                                                                                      € 4,170,480
1.2.2      What are the total deposits of all commercial banks at year-end 2001?             4220851(all banks as of year-end
                                                                                                          2002)
        Question                                                                                      Germany




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   5 Mio €
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?         Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                     No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                     No
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                     Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                No
        Question                                                                                              Germany


1.8.1                                                        Draft by-laws?                                      Yes



1.8.2                                                        Intended organization chart?                        Yes


                                                             Financial projections for first
1.8.3                                                                                                            Yes
                                                             three years?

                                                             Financial information on main        Yes; as far as they prepare annual
1.8.4
                                                             potential shareholders?                           accounts

                                                                                                      The German law does not
                                                                                                  distinguish between directors and
        1.8 Which of the following are legally required to be                                        managers. Thus the German
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Banking Act only asks for an
                                                              directors?
                                                                                                     examination concerning the
                                                                                                   qualification of the managers of
                                                                                                       the respective institutions

                                                             Background/experience of future
1.8.6                                                                                                            Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                            No
                                                             in the capitalization of new bank?

                                                                                                   The application for a banking
                                                                                                   licence must include a viable
                                                             Market differentiation intended
1.8.8                                                                                             business plan showing inter alia
                                                             for the new bank?
                                                                                                      the nature of the planned
                                                                                                              business.




                                                                                                  135 (=number of licenses granted
        In the past five years, how many applications for commercial banking licenses have             to domestic and foreign
1.9
        been received from domestic entities?                                                      applicants; number of incoming
                                                                                                     applications is not reported)




1.9.1   How many of those applications have been denied?                                                    none (see 1.9)
         Question                                                                                       Germany




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                          See 1.9
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                          See 1.9
                                                                 have been denied?




                                                                 Received                                   17

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                    None



                                                                 Received                           No figures available




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                               No figures available




                                                                 Received                           No figures available

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                                 Germany


                                                                 Denied                       No figures available




                                                                 Received                     No figures available




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                       No figures available




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                      Germany




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                              As no applications have been
1.11.5                                                        Other reason(s). Please list.    denied there are no primary
                                                                                                    reasons for denial.




1.12.1                                                        Acquisition                            Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                             Not prohibited
         through




1.12.3                                                        Branch                                 Not prohibited
           Question                                                                                    Ghana
1. Entry into Banking




                                                                                             Bank of Ghana - The Central
1.1        What body/agency grants commercial banking licenses?
                                                                                                       Bank




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                    Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                        17




1.2.1      What are the total assets of all commercial banks at year-end 2001?                  GHC14,435.7 Billion




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                 GHC8,799.6 Billion
        Question                                                                                         Ghana




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   GHC 70 Billion
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?            Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                        No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                        Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                        Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                   No
        Question                                                                                             Ghana


1.8.1                                                        Draft by-laws?                                   Yes



1.8.2                                                        Intended organization chart?                     Yes


                                                             Financial projections for first
1.8.3                                                                                                         Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                         Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                     Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                         Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                         Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                         Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have        11 (2 approved, 5 declined, 4
1.9
        been received from domestic entities?                                                               pending)




1.9.1   How many of those applications have been denied?                                                        5
         Question                                                                                             Ghana




                                                                 In the past five years, how many
                                                                 applications for commercial        5 (1 approved, 3 declined, 1
                                                                 banking licenses have been                   pending)
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                                 3
                                                                 have been denied?




                                                                 Received                                      None

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                        None



                                                                 Received                                        3




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                            1




                                                                 Received                                        1

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                                          Ghana


                                                                 Denied                                       1




                                                                                              3 (These represent representative
                                                                 Received
                                                                                                 offices of the foreign banks)




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                                     None




1.11.1                                                           Capital amount or quality?                 Yes




1.11.2                                                           Banking skills?                             No

1.11.3                                                           Reputation?                                Yes



1.11.4                                                           Incomplete application?                    Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Ghana




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                   Gibraltar
1. Entry into Banking




                                                                                               Commissioner of Banking,
1.1        What body/agency grants commercial banking licenses?
                                                                                             Financial Services Commission




1.1.1      Is there more than one body/agency that grants licenses to banks?                              No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                    Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                         19




1.2.1      What are the total assets of all commercial banks at year-end 2001?                      GBP 5,643,652




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                    GBP 2,455,761
        Question                                                                                        Gibraltar




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   Euro 5,000,000
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?            No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                        No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                        Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                        No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                   No
        Question                                                                                  Gibraltar


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                No
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            N/A
         Question                                                                                   Gibraltar




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       2
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       0
                                                                 have been denied?




                                                                 Received                              0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                0



                                                                 Received                              1




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                  0




                                                                 Received                              1

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                               Gibraltar


                                                                 Denied                             0




                                                                 Received                           0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                             0




1.11.1                                                           Capital amount or quality?   Not applicable




1.11.2                                                           Banking skills?              Not applicable

1.11.3                                                           Reputation?                  Not applicable



1.11.4                                                           Incomplete application?      Not applicable




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Gibraltar




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                             Greece
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Bank of Greece




1.1.1      Is there more than one body/agency that grants licenses to banks?                      No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                             No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                 44




1.2.1      What are the total assets of all commercial banks at year-end 2001?               EUR 177.2 bill




1.2.2      What are the total deposits of all commercial banks at year-end 2001?             EUR 114.6 bil
        Question                                                                                         Greece




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   EUR 18 million
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?            No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                        Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                        Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                        No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                   No
        Question                                                                                  Greece


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              No
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 8
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            1
         Question                                                                                   Greece




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      7
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      1
                                                                 have been denied?




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               0



                                                                 Received                             3




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 1




                                                                 Received                             4

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Greece


                                                                 Denied                         0




                                                                 Received                       0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         0




1.11.1                                                           Capital amount or quality?    No




1.11.2                                                           Banking skills?               No

1.11.3                                                           Reputation?                   No



1.11.4                                                           Incomplete application?       Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                         Greece




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                              Withdrawal of application on the
1.11.5                                                        Other reason(s). Please list.
                                                                                                    part of the applicant




1.12.1                                                        Acquisition                              Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                               Not prohibited
         through




1.12.3                                                        Branch                                   Not prohibited
           Question                                                                                     Grenada
1. Entry into Banking




                                                                                             Ministry of Finance (government)
1.1        What body/agency grants commercial banking licenses?                               on recommendation of Central
                                                                                                            Bank




1.1.1      Is there more than one body/agency that grants licenses to banks?                               Yes



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           5




1.2.1      What are the total assets of all commercial banks at year-end 2001?                          $1,566.60




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                        $1,344.50
        Question                                                                                      Grenada




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   EC$5.0m
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?         No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                     Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                     Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                     No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                No
        Question                                                                                  Grenada


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                           N/A
         Question                                                                                   Grenada




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                     None
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                     N/A
                                                                 have been denied?




                                                                 Received                            None

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                              N/A



                                                                 Received                            None




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                N/A




                                                                 Received                            None

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Grenada


                                                                 Denied                        N/A




                                                                 Received                      None




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                        N/A




1.11.1                                                           Capital amount or quality?    N/A




1.11.2                                                           Banking skills?               N/A

1.11.3                                                           Reputation?                   N/A



1.11.4                                                           Incomplete application?       N/A




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Grenada




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.       N/A




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                    Guatemala
1. Entry into Banking




                                                                                              The Monetary Meeting. It is an
                                                                                                        established
                                                                                               organism(organisation) In the
1.1        What body/agency grants commercial banking licenses?
                                                                                              Constitution, which object is to
                                                                                             practise Supreme direction of the
                                                                                                       Central Bank.




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           27




1.2.1      What are the total assets of all commercial banks at year-end 2001?                      US$ 6,980,000,000




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                    US$ 5,370,000,000
        Question                                                                                       Guatemala




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   US$ 6,800,000
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?           Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                       Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                       Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                        No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                   No
        Question                                                                                  Guatemala


1.8.1                                                        Draft by-laws?                          Yes



1.8.2                                                        Intended organization chart?            No


                                                             Financial projections for first
1.8.3                                                                                                Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                            Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                No
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                   6
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                              4
         Question                                                                                   Guatemala




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                        1
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                        0
                                                                 have been denied?




                                                                 Received                               1

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                 0



                                                                 Received                               0




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                   0




                                                                 Received                               0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Guatemala


                                                                 Denied                           0




                                                                 Received                         0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                           0




1.11.1                                                           Capital amount or quality?      Yes




1.11.2                                                           Banking skills?                 No

1.11.3                                                           Reputation?                     Yes



1.11.4                                                           Incomplete application?         Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                              Guatemala




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                  Guernsey
1. Entry into Banking




                                                                                             Guernsey Financial Services
1.1        What body/agency grants commercial banking licenses?
                                                                                                    Commission




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                   Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                        72




1.2.1      What are the total assets of all commercial banks at year-end 2001?                      GBP81,148m




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                    GBP77,212m
        Question                                                                                       Guernsey




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   GBP1,000,000
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?           No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                       Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                       No
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                       No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                  No
        Question                                                                                  Guernsey


1.8.1                                                        Draft by-laws?                         No



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                  0
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                             0
         Question                                                                                   Guernsey




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       21
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                     None
                                                                 have been denied?




                                                                 Received                            None

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                              None



                                                                 Received                              10




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                  0




                                                                 Received                              11

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Guernsey


                                                                 Denied                          0




                                                                 Received                        0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                          0




1.11.1                                                           Capital amount or quality?     No




1.11.2                                                           Banking skills?                No

1.11.3                                                           Reputation?                    No



1.11.4                                                           Incomplete application?        No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Guernsey




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                      Guinea
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                                  Committee of Approvals




1.1.1      Is there more than one body/agency that grants licenses to banks?                               Yes



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           7




                                                                                             GNF 703.838 millions, that is to
1.2.1      What are the total assets of all commercial banks at year-end 2001?
                                                                                                say USD 356,2 millions



                                                                                             GNF 513.255 millions, that is to
1.2.2      What are the total deposits of all commercial banks at year-end 2001?
                                                                                                say USD 259,7 millions
        Question                                                                                                   Guinea




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,              GNF 5.000 millions, that is to say
1.3
        state which)                                                                                         USD 2,5 millions




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                      Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                  Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                  Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                  Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                             No
        Question                                                                                  Guinea


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 1
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            1
         Question                                                                                   Guinea




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      2
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      0
                                                                 have been denied?




                                                                 Received                             1

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               0



                                                                 Received                             1




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 0




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Guinea


                                                                 Denied                         0




                                                                 Received                       0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         0




1.11.1                                                           Capital amount or quality?    Yes




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?                   Yes



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Guinea




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                  Guinea Bissau
1. Entry into Banking




                                                                                              The Minister of Finance, after
                                                                                               review of application by the
                                                                                             Central Bank of the West African
                                                                                             States and favourable opinion of
1.1        What body/agency grants commercial banking licenses?                                 the West African Monetary
                                                                                               Union (Benin, Burkina, Côte
                                                                                              d'Ivoire, Guinea-Bissau, Mali,
                                                                                              Niger, Senegal, Togo) Banking
                                                                                                        Commission.




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           2




1.2.1      What are the total assets of all commercial banks at year-end 2001?                  14746 (billion CFA francs)




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                10442 (billion CFA francs)
        Question                                                                                        Guinea Bissau




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   1 billion CFA francs.
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?               Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                           Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                           Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                           Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                       No
        Question                                                                                          Guinea Bissau


1.8.1                                                        Draft by-laws?                                     Yes



1.8.2                                                        Intended organization chart?                       Yes


                                                             Financial projections for first
1.8.3                                                                                                           Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                           Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                       Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                           Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                           Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                           Yes
                                                             for the new bank?




                                                                                                  Not available (processed at first
        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                               stage by the local branch of the
        been received from domestic entities?
                                                                                                          Central Bank).




1.9.1   How many of those applications have been denied?                                                       See 1.9
         Question                                                                                   Guinea Bissau




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       See 1.9
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       See 1.9
                                                                 have been denied?




                                                                 Received                              See 1.9

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                See 1.9



                                                                 Received                              See 1.9




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                  See 1.9




                                                                 Received                              See 1.9

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Guinea Bissau


                                                                 Denied                          See 1.9




                                                                 Received                        See 1.9




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                          See 1.9




1.11.1                                                           Capital amount or quality?      See 1.9




1.11.2                                                           Banking skills?                 See 1.9

1.11.3                                                           Reputation?                     See 1.9



1.11.4                                                           Incomplete application?         See 1.9




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                             Guinea Bissau




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                              Guyana
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                               Bank of Guyana




1.1.1      Is there more than one body/agency that grants licenses to banks?                        No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                              Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                   7




1.2.1      What are the total assets of all commercial banks at year-end 2001?               G$113,872 million




1.2.2      What are the total deposits of all commercial banks at year-end 2001?             G$95,256 million
        Question                                                                                        Guyana




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   G$250 million
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?            No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                       Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                       Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                       Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                   No
        Question                                                                                  Guyana


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                           None
         Question                                                                                   Guyana




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      3
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      3
                                                                 have been denied?




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                              None



                                                                 Received                            None




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                None




                                                                 Received                            None

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Guyana


                                                                 Denied                        None




                                                                 Received                      None




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                        None




1.11.1                                                           Capital amount or quality?    No




1.11.2                                                           Banking skills?               No

1.11.3                                                           Reputation?                   Yes



1.11.4                                                           Incomplete application?       Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Guyana




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                    Honduras
1. Entry into Banking




                                                                                                 The Central Bank prior
1.1        What body/agency grants commercial banking licenses?                              recommendation of the Comisión
                                                                                               Nacional de Bancos y Seguros




1.1.1      Is there more than one body/agency that grants licenses to banks?                              No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                     No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                          21




1.2.1      What are the total assets of all commercial banks at year-end 2001?                    L. 66,923.3 Millones




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                  L. 41,475.3 Millones
        Question                                                                                                Honduras




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,              L.150.0 millones M/N = $. 8.7
1.3
        state which)                                                                                              millones




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                    No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                           No
        Question                                                                                           Honduras


1.8.1                                                        Draft by-laws?                                    Yes



1.8.2                                                        Intended organization chart?                      Yes


                                                             Financial projections for first
1.8.3                                                                                                          Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                          Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                      Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                          Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                          Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                          Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                               # 2 (Promerica, Banco Popular)
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                               #1 (Banco Popular)
         Question                                                                                   Honduras




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       5
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       0
                                                                 have been denied?




                                                                 Received                              0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                0



                                                                 Received                              2




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                  0




                                                                 Received                              0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                                       Honduras


                                                                 Denied                                      0




                                                                                              3. The applications are for the
                                                                 Received                       openings of Representation
                                                                                                          Offices




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                                      0




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?                           Yes

1.11.3                                                           Reputation?                               Yes



1.11.4                                                           Incomplete application?                   Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                              Honduras




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                           Hong Kong, China
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              The Monetary Authority




1.1.1      Is there more than one body/agency that grants licenses to banks?                          No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                 No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                     147




1.2.1      What are the total assets of all commercial banks at year-end 2001?                   HK$5,900 bn




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                 HK$3,400 bn
        Question                                                                                      Hong Kong, China




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                      HK$300 mn
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?             Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                         No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                         Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                         Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                    Yes
        Question                                                                                  Hong Kong, China


1.8.1                                                        Draft by-laws?                             Yes



1.8.2                                                        Intended organization chart?               Yes


                                                             Financial projections for first
1.8.3                                                                                                   Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                   Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                               Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                   Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                   No
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                   No
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                     Nil
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                                Nil
         Question                                                                                   Hong Kong, China




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                           25
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                          Nil
                                                                 have been denied?




                                                                 Received                                 Nil

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                   Nil



                                                                 Received                                 Nil




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                     Nil




                                                                 Received                                  25

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Hong Kong, China


                                                                 Denied                             Nil




                                                                 Received                           Nil




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                             Nil




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                             Hong Kong, China




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                       Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                        Not prohibited
         through




1.12.3                                                        Branch                            Not prohibited
           Question                                                                                     Hungary
1. Entry into Banking




                                                                                             Hungarian Financial Supervisory
1.1        What body/agency grants commercial banking licenses?
                                                                                                        Authority




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                          28




1.2.1      What are the total assets of all commercial banks at year-end 2001?                     9562,5 billions HUF




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                   6511,5 billions HUF
        Question                                                                                        Hungary




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   2 billions HUF
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?            Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                        Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                        Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                        No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                   No
        Question                                                                                  Hungary


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                  0
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                             0
         Question                                                                                   Hungary




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       4
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       0
                                                                 have been denied?




                                                                 Received                              0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                0



                                                                 Received                              4




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                  0




                                                                 Received                              0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Hungary


                                                                 Denied                          0




                                                                 Received                        0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                          0




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Hungary




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                       Iceland
1. Entry into Banking




                                                                                                The Financial Supervisory
1.1        What body/agency grants commercial banking licenses?
                                                                                                        Authority




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                       No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                            5




1.2.1      What are the total assets of all commercial banks at year-end 2001?               ISK 871 billion (Euro 9,5 billion)




1.2.2      What are the total deposits of all commercial banks at year-end 2001?             ISK 225 billion (Euro 2,8 billion)
        Question                                                                                                  Iceland




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   ISK 450 million (Euro 5 million)
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                     Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                 Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                 Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                 No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                            Yes
        Question                                                                                  Iceland


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 1
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            0
         Question                                                                                   Iceland




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      0
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      0
                                                                 have been denied?




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               0



                                                                 Received                             0




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 0




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                                Iceland


                                                                 Denied                             0




                                                                 Received                          60




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                             0




1.11.1                                                           Capital amount or quality?   Not applicable




1.11.2                                                           Banking skills?              Not applicable

1.11.3                                                           Reputation?                  Not applicable



1.11.4                                                           Incomplete application?      Not applicable




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Iceland




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                        India
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                                Reserve Bank of India (RBI)




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      Yes
           commercial banking, securities operations, insurance, etc.)?




                                                                                               Number of banks active as on
                                                                                             March 31, 2002 – 97 banks; The
                                                                                               financial year in India is from
                                                                                              April-March. As such, year-end
                                                                                                position for a particular year
                                                                                              means position as at the end of
1.2        How many commercial banks were there at year-end 2001?
                                                                                             31st March of the year. Position
                                                                                               as at the end of financial year
                                                                                              2001-02 (i.e., as on March 31,
                                                                                               2002) is available, which has
                                                                                             been provided wherever year-end
                                                                                                 positions have been sought.


                                                                                                As on March 31, 2002 -
1.2.1      What are the total assets of all commercial banks at year-end 2001?               Rs.1535513 crore (One crore is
                                                                                                  equal to 10 million)

                                                                                                As on March 31, 2002 -
1.2.2      What are the total deposits of all commercial banks at year-end 2001?             Rs.1202699 crore (One crore is
                                                                                                  equal to 10 million)
        Question                                                                                                    India




                                                                                                      In domestic currency for Indian
        What is the minimum capital entry requirement? (in US$ and/or domestic currency,                banks, Rs.200 crore which is
1.3
        state which)                                                                                   required to be raised to Rs.300
                                                                                                      crore, within the next three years




                                                                                                 No; A foreign bank desirous of
                                                                                                  opening branches in India is
                                                                                                  required to bring in assigned
                                                                                                  minimum capital of US $ 25
                                                                                                million, of which US$ 10 million
1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?
                                                                                                shall be brought in at the time of
                                                                                                  opening each of the first two
                                                                                                branches and the balance of US$
                                                                                                5 million at the time of opening
                                                                                                   the third or more branches.


        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                  Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                  Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                  No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                             No
        Question                                                                                          India


1.8.1                                                        Draft by-laws?                                Yes



1.8.2                                                        Intended organization chart?                  Yes


                                                             Financial projections for first
1.8.3                                                                                                      No
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                      Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                  Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                      Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                      Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                      No
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                               10 (ten) applications
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                          8 (eight) applications
         Question                                                                                   India




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                     4
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                     1
                                                                 have been denied?




                                                                 Received                            Nil

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                              Nil



                                                                 Received                            Nil




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                Nil




                                                                 Received                            4

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             India


                                                                 Denied                        1




                                                                 Received                      Nil




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                        Nil




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                           India




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                              Intentions are to grant license to
                                                                                              the most deserving applications.
1.11.5                                                        Other reason(s). Please list.
                                                                                                Specific reasons for denial of
                                                                                                  application not disclosed.




1.12.1                                                        Acquisition                              Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                               Not prohibited
         through




1.12.3                                                        Branch                                   Not prohibited
           Question                                                                                     Ireland
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                                 Central Bank of Ireland




1.1.1      Is there more than one body/agency that grants licenses to banks?                              No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                     No
           commercial banking, securities operations, insurance, etc.)?




                                                                                               55 (The total of 55 credit
                                                                                                institutions includes 51
1.2        How many commercial banks were there at year-end 2001?                            commercial banks, 3 Building
                                                                                             societies and one state-owned
                                                                                                          bank.)




1.2.1      What are the total assets of all commercial banks at year-end 2001?                        €422,105M




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                      €310,197M
        Question                                                                                                Ireland




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,              €6,348,690(bank) €1,269,738
1.3
        state which)                                                                                       (building societies)




                                                                                                No; The capital requirement for a
                                                                                                 subsidiary is €6,648,690. If the
                                                                                                 foreign branch is from another
1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?
                                                                                                  member state of the European
                                                                                                Economic Area there is no capital
                                                                                                          requirement.




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                               No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                               No
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                               Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                          No
        Question                                                                                            Ireland
                                                                                                No; although these items are not
1.8.1                                                        Draft by-laws?                      legally required they would be
                                                                                                        formally requested
                                                                                                No; although these items are not
1.8.2                                                        Intended organization chart?        legally required they would be
                                                                                                        formally requested
                                                                                                No; although these items are not
                                                             Financial projections for first
1.8.3                                                                                            legally required they would be
                                                             three years?
                                                                                                        formally requested
                                                                                                No; although these items are not
                                                             Financial information on main
1.8.4                                                                                            legally required they would be
                                                             potential shareholders?
                                                                                                        formally requested



        1.8 Which of the following are legally required to be                                   No; although these items are not
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                        legally required they would be
                                                              directors?
                                                                                                        formally requested



                                                                                                No; although these items are not
                                                             Background/experience of future
1.8.6                                                                                            legally required they would be
                                                             managers?
                                                                                                        formally requested
                                                                                                No; although these items are not
                                                             Sources of funds to be disbursed
1.8.7                                                                                            legally required they would be
                                                             in the capitalization of new bank?
                                                                                                        formally requested

                                                                                                No; although these items are not
                                                             Market differentiation intended
1.8.8                                                                                            legally required they would be
                                                             for the new bank?
                                                                                                        formally requested




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                            4
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                                       0
         Question                                                                                                Ireland




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                                    17
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                                     0
                                                                 have been denied?




                                                                 Received                                            1

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                              0



                                                                 Received                                           16




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                                0




                                                                                                        16; this figure relates to the
                                                                                                    number of branches of European
                                                                                                      credit institutions operating in
                                                                                                     Ireland on a branch basis under
                                                                 Received
                                                                                                         the Second Banking Co-
         Number of applications from foreign entities to enter                                          ordination Directive and is
1.10.3
         through opening a branch?                                                                    separate to the total of 17 as at
                                                                                                                     1.10
         through opening a branch?




         Question                                                                                          Ireland


                                                                 Denied                                       0




                                                                                               118; The total of 118 represents
                                                                                              the number of applications from
                                                                 Received                        other EU credit institutions
                                                                                              providing services in Ireland on a
                                                                                                     cross-border basis.



         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                                       0




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Ireland




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                              Isle of Man
1. Entry into Banking




                                                                                             Financial Supervision
1.1        What body/agency grants commercial banking licenses?
                                                                                                 Commission




1.1.1      Is there more than one body/agency that grants licenses to banks?                          No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                 No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                     59




1.2.1      What are the total assets of all commercial banks at year-end 2001?                 ₤28 billion (28.4)




1.2.2      What are the total deposits of all commercial banks at year-end 2001?               ₤27 billion (27.0)
        Question                                                                                      Isle of Man




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   ₤1 million
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?          Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                      Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                      Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                       No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                  No
        Question                                                                                  Isle of Man


1.8.1                                                        Draft by-laws?                          Yes



1.8.2                                                        Intended organization chart?            Yes


                                                             Financial projections for first
1.8.3                                                                                                Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                            Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                  None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                             None
         Question                                                                                   Isle of Man




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                        Six
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       None
                                                                 have been denied?




                                                                 Received                              None

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                None



                                                                 Received                              Four




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                  None




                                                                 Received                              Two

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Isle of Man


                                                                 Denied                          None




                                                                 Received                        None




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                          None




1.11.1                                                           Capital amount or quality?      N/A




1.11.2                                                           Banking skills?                 N/A

1.11.3                                                           Reputation?                     N/A



1.11.4                                                           Incomplete application?         N/A




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                        Isle of Man




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                              Not applicable has none formally
                                                                                              denied (The Commission's Policy
                                                                                              is to hold meetings with potential
                                                                                                   applicants prior to formal
1.11.5                                                        Other reason(s). Please list.
                                                                                                  application being made. A
                                                                                                number of such meetings have
                                                                                              been held which did not result in
                                                                                               formal applications subsequently




1.12.1                                                        Acquisition                              Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                               Not prohibited
         through




1.12.3                                                        Branch                                   Not prohibited
           Question                                                                               Israel
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                               Bank of Israel




1.1.1      Is there more than one body/agency that grants licenses to banks?                       No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                              Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                  26




1.2.1      What are the total assets of all commercial banks at year-end 2001?               702,114 (,000)Sh




1.2.2      What are the total deposits of all commercial banks at year-end 2001?             591,441 (,000)Sh
        Question                                                                                        Israel




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   $40,000,000
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?           No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                       No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                      Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                       No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                 Yes
        Question                                                                                  Israel


1.8.1                                                        Draft by-laws?                        No



1.8.2                                                        Intended organization chart?          No


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              No
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              No
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              No
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 0
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            0
         Question                                                                                   Israel




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      6
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      1
                                                                 have been denied?




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               0



                                                                 Received                             0




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 0




                                                                 Received                             4

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                                         Israel


                                                                 Denied                                     1




                                                                                              11 (9 out of 11 are rep offices
                                                                 Received
                                                                                              which are not included in 1.10)




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                                     0




1.11.1                                                           Capital amount or quality?                 No




1.11.2                                                           Banking skills?                            No

1.11.3                                                           Reputation?                                No



1.11.4                                                           Incomplete application?                   Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                          Israel




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                              Inadequate information in regard
1.11.5                                                        Other reason(s). Please list.   to compliance with international
                                                                                                   supervisory standards.




1.12.1                                                        Acquisition                              Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                               Not prohibited
         through




1.12.3                                                        Branch                                   Not prohibited
           Question                                                                                       Italy
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                                     The Bank of Italy




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as   Yes (one for banking and one for
1.1.2
           commercial banking, securities operations, insurance, etc.)?                            securities operations)




                                                                                             As of December 2001 there were
                                                                                             830 commercial banks operating
1.2        How many commercial banks were there at year-end 2001?
                                                                                                in Italy (including foreign
                                                                                                         branches).




1.2.1      What are the total assets of all commercial banks at year-end 2001?                     1,905.741 mld euros




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                     796.1 mld euros
        Question                                                                                                    Italy




                                                                                                         The minimum capital entry
                                                                                                       requirement (for the granting of
                                                                                                        banking licenses) amounts to
        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                      Euro 6.3 million for banks
        state which)
                                                                                                      established as limited companies
                                                                                                      and “banche popolari”, and Euro
                                                                                                         2 million for mutual banks.




                                                                                                      Yes for non EU subsidiaries and
1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?
                                                                                                                 branches.




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                 Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                 Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                 Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                             No
        Question                                                                                               Italy


1.8.1                                                        Draft by-laws?                                     Yes



1.8.2                                                        Intended organization chart?                       Yes


                                                             Financial projections for first
1.8.3                                                                                                           Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                           Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                       Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                           Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                           Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                           Yes
                                                             for the new bank?




                                                                                                     109 applications for banking
        In the past five years, how many applications for commercial banking licenses have        licences have been received over
1.9
        been received from domestic entities?                                                        the period from 1.1.1998 to
                                                                                                              31.12.2002




                                                                                                  23 applications have been denied
1.9.1   How many of those applications have been denied?
                                                                                                        over the same period.
         Question                                                                                                 Italy




                                                                                                      15 applications for commercial
                                                                 In the past five years, how many    banking licenses and acquisition
                                                                 applications for commercial           of domestic banks have been
                                                                 banking licenses have been            received from foreign entities
         In the past five years, how many applications for
                                                                 received from foreign entities?    (EU branches are not included, as
1.10     commercial banking licenses have been received
                                                                                                      they do not need authorization).
         from foreign entities?




                                                                 How many of those applications
                                                                                                                    2
                                                                 have been denied?




                                                                 Received                                           2

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                             1



                                                                 Received                                           11




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                               1




                                                                 Received                                      2 (non EU)

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                                 Italy


                                                                 Denied                             0




                                                                 Received                     Not applicable




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                       Not applicable




1.11.1                                                           Capital amount or quality?        Yes




1.11.2                                                           Banking skills?                   Yes

1.11.3                                                           Reputation?                       Yes



1.11.4                                                           Incomplete application?           Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                           Italy




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                              Problems related to the program
                                                                                              of activities to be submitted; non
1.11.5                                                        Other reason(s). Please list.   compliance with the principle of
                                                                                               separateness between industry
                                                                                                          and finance.




1.12.1                                                        Acquisition                              Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                               Not prohibited
         through




1.12.3                                                        Branch                                   Not prohibited
           Question                                                                                        Japan
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                                 Financial Services Agency




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No

                                                                                             No; (However, it is required to be
                                                                                              licensed to conduct for certain
           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                          fiduciary business (with this
           commercial banking, securities operations, insurance, etc.)?
                                                                                               license, banks are allowed to
                                                                                              manage collateral for creditors))




1.2        How many commercial banks were there at year-end 2001?                                           234




                                                                                              795,935 billion Yen (as of end-
1.2.1      What are the total assets of all commercial banks at year-end 2001?
                                                                                              march, 2002. Banking Account)


                                                                                              551,111 billion Yen (as of end-
1.2.2      What are the total deposits of all commercial banks at year-end 2001?               march, 2002. Deposit+CD,
                                                                                                    Banking Account)
        Question                                                                                           Japan




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                     2 billion Yen
        state which)




                                                                                                      Yes for subsidiary
1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?
                                                                                                       No for branch




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                          Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                          Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                          No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                     Yes
        Question                                                                                  Japan


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              No
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 6
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            0
         Question                                                                                   Japan




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                     21
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      0
                                                                 have been denied?




                                                                 Received                             2

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               0



                                                                 Received                             0




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 0




                                                                 Received                            19

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Japan


                                                                 Denied                         0




                                                                 Received                       0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         0




1.11.1                                                           Capital amount or quality?   N/A




1.11.2                                                           Banking skills?              N/A

1.11.3                                                           Reputation?                  N/A



1.11.4                                                           Incomplete application?      N/A




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Japan




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.       N/A




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                   Jersey
1. Entry into Banking




                                                                                             Jersey Financial Services
1.1        What body/agency grants commercial banking licenses?
                                                                                                    Commission




1.1.1      Is there more than one body/agency that grants licenses to banks?                            No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                   No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                       64




1.2.1      What are the total assets of all commercial banks at year-end 2001?                       ₤161 bn




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                     ₤132 bn
        Question                                                                                       Jersey




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   ₤5 million
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?          Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                      No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                      Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                      Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                 No
        Question                                                                                  Jersey


1.8.1                                                        Draft by-laws?                        No



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 0
        been received from domestic entities?




1.9.1   How many of those applications have been denied?
         Question                                                                                   Jersey




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      4
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      0
                                                                 have been denied?




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied



                                                                 Received                             1




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 0




                                                                 Received                             3

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Jersey


                                                                 Denied                         0




                                                                 Received                       0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         0




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Jersey




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                 Jordan
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Central Bank of Jordan




1.1.1      Is there more than one body/agency that grants licenses to banks?                          No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                 Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                     21




1.2.1      What are the total assets of all commercial banks at year-end 2001?                   JD 13537.5 M




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                 JD 8701.7 M
        Question                                                                                      Jordan




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   JD 20 M
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?         No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                     No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                    Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                     No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                No
        Question                                                                                  Jordan


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              No
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 0
        been received from domestic entities?




1.9.1   How many of those applications have been denied?
         Question                                                                                   Jordan




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      5
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      4
                                                                 have been denied?




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               0



                                                                 Received                           None




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                               None




                                                                 Received                             5

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Jordan


                                                                 Denied                         4




                                                                 Received                       0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         0




1.11.1                                                           Capital amount or quality?    Yes




1.11.2                                                           Banking skills?               Yes

1.11.3                                                           Reputation?                   Yes



1.11.4                                                           Incomplete application?       Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Jordan




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                 Kazakhstan
1. Entry into Banking




                                                                                               The National Bank of
1.1        What body/agency grants commercial banking licenses?
                                                                                             Kazakhstan (hereinafter NB)




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                   Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                        36




1.2.1      What are the total assets of all commercial banks at year-end 2001?                     784.6 bln tenge




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                  487.7 mln.tenge
        Question                                                                                      Kazakhstan




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   2 bln. Tenge
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?           Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                       Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                       Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                       No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                  No
        Question                                                                                  Kazakhstan


1.8.1                                                        Draft by-laws?                          Yes



1.8.2                                                        Intended organization chart?            Yes


                                                             Financial projections for first
1.8.3                                                                                                Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                            Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                  N/A
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                             N/A
         Question                                                                                   Kazakhstan




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       N/A
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       N/A
                                                                 have been denied?




                                                                 Received                              N/A

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                N/A



                                                                 Received                              N/A




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                  N/A




                                                                 Received                              N/A

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Kazakhstan


                                                                 Denied                          N/A




                                                                 Received                        N/A




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                          N/A




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                             Kazakhstan




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                            Prohibited
           Question                                                                                Kenya
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Ministry of Finance




1.1.1      Is there more than one body/agency that grants licenses to banks?                         No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                               Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                    46




1.2.1      What are the total assets of all commercial banks at year-end 2001?                   Ksh 407bn




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                 Ksh 308bn
        Question                                                                                       Kenya




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   Ksh 250m
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?         Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                     No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                     No
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                     No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                No
        Question                                                                                         Kenya


1.8.1                                                        Draft by-laws?                               Yes



1.8.2                                                        Intended organization chart?                 Yes


                                                             Financial projections for first
1.8.3                                                                                                     Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                     Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                 Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                     Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                      No
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                     Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                               9 (from 1998 to 2003)
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                                   7
         Question                                                                                   Kenya




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      5
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      5
                                                                 have been denied?




                                                                 Received                           None

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                             None



                                                                 Received                           None




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                               None




                                                                 Received                           None

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Kenya


                                                                 Denied                       None




                                                                 Received                       5




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         5




1.11.1                                                           Capital amount or quality?   N/A




1.11.2                                                           Banking skills?              N/A

1.11.3                                                           Reputation?                  N/A



1.11.4                                                           Incomplete application?      N/A




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Kenya




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.       N/A




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                    Kuwait
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Central Bank of Kuwait (CBK)




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                    Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                         7




1.2.1      What are the total assets of all commercial banks at year-end 2001?                      KD11.1Billion




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                    KD6.3 Billion
        Question                                                                                        Kuwait




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   KD 3 Million
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?           Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                       Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                       Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                       No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                  No
        Question                                                                                  Kuwait


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              No
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              No
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                               None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                          None
         Question                                                                                   Kuwait




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                    None
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                    None
                                                                 have been denied?




                                                                 Received                           None

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                             None



                                                                 Received                           None




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                               None




                                                                 Received                           None

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Kuwait


                                                                 Denied                       None




                                                                 Received                     None




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                       None




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Kuwait




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                     Kyrgyzstan
1. Entry into Banking




                                                                                              Supervision Metholodogy and
                                                                                               Licensing Department of the
1.1        What body/agency grants commercial banking licenses?
                                                                                              National Bank of the Kyrgyz
                                                                                                        Republic




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                       Yes
           commercial banking, securities operations, insurance, etc.)?




                                                                                                At the year-end 2001 in
1.2        How many commercial banks were there at year-end 2001?                              Kyrgyzstan were 20(twenty)
                                                                                                   commercial banks.




                                                                                             The total assets of all commercial
1.2.1      What are the total assets of all commercial banks at year-end 2001?                banks at year-end 2001 were 4
                                                                                                    999.4 (in mln. som.)

                                                                                                The total deposits of all
1.2.2      What are the total deposits of all commercial banks at year-end 2001?              commercial banks at year-end
                                                                                             2001 were 2 614.4(in mln.som.)
        Question                                                                                             Kyrgyzstan




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,               The minimum capital entry
1.3
        state which)                                                                                  requirement is 300 mln.som.




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                  Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                              Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                              Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                               No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                          No
        Question                                                                                             Kyrgyzstan


1.8.1                                                        Draft by-laws?                                      Yes



1.8.2                                                        Intended organization chart?                        Yes


                                                             Financial projections for first
1.8.3                                                                                                            Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                            Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                        Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                            Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                            Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                            Yes
                                                             for the new bank?




                                                                                                  From domestic entities have been
        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                               received 8(eight) applications for
        been received from domestic entities?
                                                                                                    commercial banking licenses.




                                                                                                     There were no applications
1.9.1   How many of those applications have been denied?
                                                                                                              denied.
         Question                                                                                             Kyrgyzstan




                                                                 In the past five years, how many
                                                                                                     From foreign entities have been
                                                                 applications for commercial
                                                                                                    received 3(three) applications for
                                                                 banking licenses have been
         In the past five years, how many applications for                                            commercial banking licenses.
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications        There were no applications
                                                                 have been denied?                              denied.




                                                                 Received                                           1

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                       No, see 1.10



                                                                 Received                                           1




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                         No, see 1.10




                                                                 Received                                           1

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Kyrgyzstan


                                                                 Denied                       No, see 1.10




                                                                 Received                     No, see 1.10




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                       No, see 1.10




1.11.1                                                           Capital amount or quality?       No




1.11.2                                                           Banking skills?                  No

1.11.3                                                           Reputation?                      No



1.11.4                                                           Incomplete application?          No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                              Kyrgyzstan




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.       N/A




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                       Latvia
1. Entry into Banking




                                                                                             The Financial and Capital Market
1.1        What body/agency grants commercial banking licenses?
                                                                                                       Commission




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           23




1.2.1      What are the total assets of all commercial banks at year-end 2001?                        3459 mil LVL




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                      2330 mil.LVL
        Question                                                                                       Latvia




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   5 mil.EUR
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?         Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                     Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                     Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                     Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                 No
        Question                                                                                  Latvia


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 2
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            0
         Question                                                                                    Latvia




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                        4
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                        1
                                                                 have been denied?




                                                                 Received                               2

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                             0; see 1.10



                                                                 Received                           0; see 1.10




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                               0; see 1.10




                                                                 Received                               1

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                              Latvia


                                                                 Denied                       0; see 1.10




                                                                 Received                         1




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                           1




1.11.1                                                           Capital amount or quality?      Yes




1.11.2                                                           Banking skills?                 No

1.11.3                                                           Reputation?                     Yes



1.11.4                                                           Incomplete application?         No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Latvia




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                     Lebanon
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Central Bank of Lebanon (BDL)




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                            61 banks as at December 31 2002




1.2.1      What are the total assets of all commercial banks at year-end 2001?                      USD 47.8 billion




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                    USD 38.8 billion
        Question                                                                                                  Lebanon




                                                                                                      Local currency LBP 10 billion for
        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   a commercial bank (equivalent to
        state which)
                                                                                                              USD 6.6 million)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                     Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                 Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                 Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                  No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                             No
        Question                                                                                             Lebanon


1.8.1                                                        Draft by-laws?                                     Yes



1.8.2                                                        Intended organization chart?                       Yes


                                                             Financial projections for first
1.8.3                                                                                                           Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                           Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                       Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                             Yes (for senior management only)
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                           Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                           Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                              0
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                                         0
         Question                                                                                   Lebanon




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       0
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       0
                                                                 have been denied?




                                                                 Received                              2

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                0



                                                                 Received                              0




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                  0




                                                                 Received                              1

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Lebanon


                                                                 Denied                          0




                                                                 Received                        2




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                          0




1.11.1                                                           Capital amount or quality?     Yes




1.11.2                                                           Banking skills?                Yes

1.11.3                                                           Reputation?                    Yes



1.11.4                                                           Incomplete application?        Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Lebanon




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.       N/A




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                 Lesotho
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Central Bank of Lesotho




1.1.1      Is there more than one body/agency that grants licenses to banks?                           No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                 Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                      3




1.2.1      What are the total assets of all commercial banks at year-end 2001?                     M2,218 b




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                   M1,745 b
        Question                                                                                         Lesotho




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   10 million malot
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?             Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                         No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                         Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                         No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                    No
        Question                                                                                  Lesotho


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 2
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            2
         Question                                                                                   Lesotho




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      3
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      2
                                                                 have been denied?




                                                                 Received                             1

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               0



                                                                 Received




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied




                                                                 Received                             0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Lesotho


                                                                 Denied                         0




                                                                 Received                       0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         0




1.11.1                                                           Capital amount or quality?    Yes




1.11.2                                                           Banking skills?               Yes

1.11.3                                                           Reputation?                   Yes



1.11.4                                                           Incomplete application?       Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Lesotho




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                             Liechtenstein
1. Entry into Banking




                                                                                              Financial Services
1.1        What body/agency grants commercial banking licenses?
                                                                                             Authority/Government




1.1.1      Is there more than one body/agency that grants licenses to banks?                         No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                            17 commercial banks




1.2.1      What are the total assets of all commercial banks at year-end 2001?                34'340.6 (mio CHF)




1.2.2      What are the total deposits of all commercial banks at year-end 2001?              26'773.9 (mio CHF)
        Question                                                                                      Liechtenstein




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   CHF 20 Mil
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?           Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                       Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                       Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                       Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                  Yes
        Question                                                                                  Liechtenstein


1.8.1                                                        Draft by-laws?                           Yes



1.8.2                                                        Intended organization chart?             Yes


                                                             Financial projections for first
1.8.3                                                                                                 Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                 Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                             Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                 Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                 Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                 Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                    2
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                               0
         Question                                                                                   Liechtenstein




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                         11
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                         2
                                                                 have been denied?




                                                                 Received                                2

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                  0



                                                                 Received                                9




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                    2




                                                                 Received                                0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Liechtenstein


                                                                 Denied                            0




                                                                 Received                          0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                            0




1.11.1                                                           Capital amount or quality?        No




1.11.2                                                           Banking skills?                  Yes

1.11.3                                                           Reputation?                      Yes



1.11.4                                                           Incomplete application?           No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                             Liechtenstein




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                  Lithuania
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                                The Bank of Lithuania




1.1.1      Is there more than one body/agency that grants licenses to banks?                            No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                   No
           commercial banking, securities operations, insurance, etc.)?




                                                                                             9 banks and 4 foreign bank
1.2        How many commercial banks were there at year-end 2001?
                                                                                                      branches




1.2.1      What are the total assets of all commercial banks at year-end 2001?                    EUR 4.4 billion




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                   EUR 3 billion
        Question                                                                                       Lithuania




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   EUR 5 million
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?           Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                       Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                       Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                       Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                  Yes
        Question                                                                                  Lithuania


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            None
         Question                                                                                   Lithuania




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       10
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       2
                                                                 have been denied?




                                                                 Received                              4

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               None



                                                                 Received                             None




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 None




                                                                 Received                              6

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Lithuania


                                                                 Denied                          2




                                                                 Received                       None




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         None




1.11.1                                                           Capital amount or quality?     Yes




1.11.2                                                           Banking skills?                 No

1.11.3                                                           Reputation?                     No



1.11.4                                                           Incomplete application?        Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                        Lithuania




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                              Capital quality and did not meet
1.11.5                                                        Other reason(s). Please list.
                                                                                                 supervisory requirements




1.12.1                                                        Acquisition                              Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                               Not prohibited
         through




1.12.3                                                        Branch                                   Not prohibited
           Question                                                                                     Luxembourg
1. Entry into Banking




                                                                                              In accordance with articles 2 and
                                                                                               3 of the Law of 5 April 1993 on
                                                                                               the financial sector as amended
                                                                                                (FSL) authorisation to exercise
                                                                                                  banking activities, to open
                                                                                                    branches, agencies, and
                                                                                                  subsidiaries, to modify the
                                                                                                 corporate object and the legal
                                                                                             form of the bank is granted by the
                                                                                                Minister who is responsible for
                                                                                               Commission de Surveillance du
1.1        What body/agency grants commercial banking licenses?
                                                                                                Secteur Financier (CSSF). The
                                                                                                 authorisation is granted only
                                                                                                  upon written request of the
                                                                                                 applicant and upon an initial
                                                                                                    study carried out by the
                                                                                               Commission de Surveillance du
                                                                                                 Secteur Financier. This initial
                                                                                             study takes into consideration the
                                                                                             conditions required by the law on
                                                                                               the financial sector of April 5th,
                                                                                                       1993 as amended.




1.1.1      Is there more than one body/agency that grants licenses to banks?                                 No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                        No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                            189




1.2.1      What are the total assets of all commercial banks at year-end 2001?                       Million € 720 970



                                                                                               Million € 226 808 (excluding
1.2.2      What are the total deposits of all commercial banks at year-end 2001?
                                                                                                    interbank deposits)
        Question                                                                                             Luxembourg




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,              8,67 million € of which 6,19
1.3
        state which)                                                                                   million € must be paid up.




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                   Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                               Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                               Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                               Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                          No
        Question                                                                                  Luxembourg


1.8.1                                                        Draft by-laws?                          Yes



1.8.2                                                        Intended organization chart?            Yes


                                                             Financial projections for first
1.8.3                                                                                                Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                            Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                   0
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                              0
         Question                                                                                   Luxembourg




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                        19
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                        0
                                                                 have been denied?




                                                                 Received                               0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                 0



                                                                 Received                               17




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                   0




                                                                 Received                               2

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Luxembourg


                                                                 Denied                           0




                                                                 Received                         0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                           0




1.11.1                                                           Capital amount or quality?      Yes




1.11.2                                                           Banking skills?                 Yes

1.11.3                                                           Reputation?                     Yes



1.11.4                                                           Incomplete application?         Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                       Luxembourg




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                                   The reason for "informal"
                                                                                              rejection is that the applicants do
                                                                                               not satisfy the criteria set out by
                                                                                               the Commission de Surveillance
                                                                                              du Secteur Financier on the basis
1.11.5                                                        Other reason(s). Please list.   of the legal requirements. Next to
                                                                                              the criteria listed under 1.11, the
                                                                                                reference shareholder is a very
                                                                                               important criterion to determine
                                                                                                   whether an application is
                                                                                                       acceptable or not.




1.12.1                                                        Acquisition                               Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                                Not prohibited
         through




1.12.3                                                        Branch                                    Not prohibited
           Question                                                                                  Macau, China
1. Entry into Banking




                                                                                                The Chief Executive of the
1.1        What body/agency grants commercial banking licenses?
                                                                                                      Macau SAR




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                       No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                             22 + 1 in voluntary liquidation




                                                                                             MOP 142,314 million, or approx.
1.2.1      What are the total assets of all commercial banks at year-end 2001?
                                                                                                  USD 17,789 million



                                                                                             MOP 106,604 million, or approx.
1.2.2      What are the total deposits of all commercial banks at year-end 2001?
                                                                                                  USD 13,326 million
        Question                                                                                              Macau, China




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,               MOP 100 million or approx.
1.3
        state which)                                                                                  USD 12.5 million for subsidiary




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                     No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                 No
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                 No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                            No
        Question                                                                                  Macau, China


1.8.1                                                        Draft by-laws?                           Yes



1.8.2                                                        Intended organization chart?             Yes


                                                             Financial projections for first
1.8.3                                                                                                 Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                 Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                             Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                 Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                 Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                 Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                   Nil
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                              N/A
         Question                                                                                   Macau, China




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                         7
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                         2
                                                                 have been denied?




                                                                 Received                                2

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                  1



                                                                 Received                                1




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                    0




                                                                 Received                                4

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Macau, China


                                                                 Denied                            1




                                                                 Received                          0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                            0




1.11.1                                                           Capital amount or quality?       Yes




1.11.2                                                           Banking skills?                  No

1.11.3                                                           Reputation?                      No



1.11.4                                                           Incomplete application?          Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                             Macau, China




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.       N/A




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                              Macedonia, Republic of
1. Entry into Banking




                                                                                             National Bank of the Republic of
1.1        What body/agency grants commercial banking licenses?
                                                                                                       Macedonia




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           21




1.2.1      What are the total assets of all commercial banks at year-end 2001?                    105,633 milion denars




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                  69,995 million denars
        Question                                                                                         Macedonia, Republic of




                                                                                                      3,500,000 EUR for conducting
        What is the minimum capital entry requirement? (in US$ and/or domestic currency,                 only domestic operations/
1.3
        state which)                                                                                  9,000,000 EUR for conducting
                                                                                                          all financial operations




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                   Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                               Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                               Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                               Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                          No
        Question                                                                                  Macedonia, Republic of


1.8.1                                                        Draft by-laws?                                Yes



1.8.2                                                        Intended organization chart?                  Yes


                                                             Financial projections for first
1.8.3                                                                                                      Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                      Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                  Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                      Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                      Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                      Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                         1
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                                    -
         Question                                                                                   Macedonia, Republic of




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                              3
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                              1
                                                                 have been denied?




                                                                 Received                                     3

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                     None



                                                                 Received                                     1




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                       None




                                                                 Received                                   None

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Macedonia, Republic of


                                                                 Denied                               None




                                                                 Received                             None




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                               None




1.11.1                                                           Capital amount or quality?            No




1.11.2                                                           Banking skills?                       No

1.11.3                                                           Reputation?                           Yes



1.11.4                                                           Incomplete application?               Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                             Macedonia, Republic of




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                         Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                          Not prohibited
         through




1.12.3                                                        Branch                                Prohibited
           Question                                                                                    Madagascar
1. Entry into Banking




                                                                                               Committee (Commission) of
1.1        What body/agency grants commercial banking licenses?                                  Banking and Financial
                                                                                                      Supervision




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                       No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                            6




                                                                                             FMG 6723 billions •  USD 1014
1.2.1      What are the total assets of all commercial banks at year-end 2001?
                                                                                             billions (class(course) 6631,199)


                                                                                              FMG 5252,4 billions •  USD
1.2.2      What are the total deposits of all commercial banks at year-end 2001?              0,792 billions (class(course)
                                                                                                       6631,199)
        Question                                                                                            Madagascar




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,              FMG 6 Mds ≈ USD 904.705
1.3
        state which)                                                                                      (cours 6631,199)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                 Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                             No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                             Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                             Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                        No
        Question                                                                                  Madagascar


1.8.1                                                        Draft by-laws?                          Yes



1.8.2                                                        Intended organization chart?            Yes


                                                             Financial projections for first
1.8.3                                                                                                Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                            Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                No
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                   3
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                              1
         Question                                                                                   Madagascar




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                    Nothingless
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                    Nothingless
                                                                 have been denied?




                                                                 Received                           Nothingless

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                             Nothingless



                                                                 Received                           Nothingless




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                               Nothingless




                                                                 Received                           Nothingless

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Madagascar


                                                                 Denied                       Nothingless




                                                                 Received                     Nothingless




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                       Nothingless




1.11.1                                                           Capital amount or quality?      Yes




1.11.2                                                           Banking skills?                 Yes

1.11.3                                                           Reputation?                     Yes



1.11.4                                                           Incomplete application?         Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                      Madagascar




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                              Non-availability of the financial
1.11.5                                                        Other reason(s). Please list.      resources and the lack of
                                                                                                  certainty on their origin.




1.12.1                                                        Acquisition                              Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                               Not prohibited
         through




1.12.3                                                        Branch                                   Not prohibited
           Question                                                                                    Malaysia
1. Entry into Banking




                                                                                               Minister of Finance, on the
1.1        What body/agency grants commercial banking licenses?                              recommendation of the Central
                                                                                                          Bank




1.1.1      Is there more than one body/agency that grants licenses to banks?                              No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                     Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                         25




1.2.1      What are the total assets of all commercial banks at year-end 2001?                        RM675.2b




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                      RM465.6b
        Question                                                                                                Malaysia




                                                                                                         RM2 billion for domestic
        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   banking groups, RM300 million
        state which)
                                                                                                             for foreign banks




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                    No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                           Yes
        Question                                                                                  Malaysia


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               No
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 Nil
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            Nil
         Question                                                                                              Malaysia




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                                   Nil
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                                   Nil
                                                                 have been denied?




                                                                 Received                                          Nil

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                            Nil



                                                                 Received                                          Nil




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                              Nil




                                                                                                    Not permitted under banking and
                                                                 Received                           institutions act 1989. Have to be
                                                                                                           locally incorporated.
         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                                        Malaysia

                                                                                              Not permitted under banking and
                                                                 Denied                       institutions act 1989. Have to be
                                                                                                     locally incorporated.




                                                                 Received                                    NIl




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                                      Nil




1.11.1                                                           Capital amount or quality?             Not relevant




1.11.2                                                           Banking skills?                        Not relevant

1.11.3                                                           Reputation?                            Not relevant



1.11.4                                                           Incomplete application?                Not relevant




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Malaysia




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                            Prohibited
           Question                                                                                       Mali
1. Entry into Banking




                                                                                              The Minister of Finance, after
                                                                                               review of application by the
                                                                                             Central Bank of the West African
                                                                                             States and favourable opinion of
1.1        What body/agency grants commercial banking licenses?                                 the West African Monetary
                                                                                               Union (Benin, Burkina, Côte
                                                                                              d'Ivoire, Guinea-Bissau, Mali,
                                                                                              Niger, Senegal, Togo) Banking
                                                                                                        Commission.




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           8




1.2.1      What are the total assets of all commercial banks at year-end 2001?                 632671 (billion CFA francs)




1.2.2      What are the total deposits of all commercial banks at year-end 2001?               431551 (billion CFA francs)
        Question                                                                                              Mali




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   1 billion CFA francs.
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?               Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                           Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                           Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                           Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                       No
        Question                                                                                                Mali


1.8.1                                                        Draft by-laws?                                     Yes



1.8.2                                                        Intended organization chart?                       Yes


                                                             Financial projections for first
1.8.3                                                                                                           Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                           Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                       Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                           Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                           Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                           Yes
                                                             for the new bank?




                                                                                                  Not available (processed at first
        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                               stage by the local branch of the
        been received from domestic entities?
                                                                                                          Central Bank).




1.9.1   How many of those applications have been denied?                                                       See 1.9
         Question                                                                                    Mali




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                    See 1.9
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                    See 1.9
                                                                 have been denied?




                                                                 Received                           See 1.9

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                             See 1.9



                                                                 Received                           See 1.9




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                               See 1.9




                                                                 Received                           See 1.9

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                              Mali


                                                                 Denied                       See 1.9




                                                                 Received                     See 1.9




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                       See 1.9




1.11.1                                                           Capital amount or quality?   See 1.9




1.11.2                                                           Banking skills?              See 1.9

1.11.3                                                           Reputation?                  See 1.9



1.11.4                                                           Incomplete application?      See 1.9




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                 Mali




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                   Malta
1. Entry into Banking




                                                                                             Malta Financial Services
1.1        What body/agency grants commercial banking licenses?
                                                                                                    Authority




1.1.1      Is there more than one body/agency that grants licenses to banks?                           No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                  Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                       15




1.2.1      What are the total assets of all commercial banks at year-end 2001?                   Lm5,468 million




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                 Lm3,597 million
        Question                                                                                        Malta




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   Lm2 million
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?          Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                      Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                      Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                       No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                  No
        Question                                                                                  Malta


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 0
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                            0
         Question                                                                                   Malta




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      9
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                      0
                                                                 have been denied?




                                                                 Received                             1

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                               0



                                                                 Received                             3




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                 0




                                                                 Received                             5

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Malta


                                                                 Denied                         0




                                                                 Received                       0




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         0




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                     Malta




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                              There were no denial of
1.11.5                                                        Other reason(s). Please list.
                                                                                                   applications.




1.12.1                                                        Acquisition                         Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                          Not prohibited
         through




1.12.3                                                        Branch                              Not prohibited
           Question                                                                             Mauritius
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Bank of Mauritius




1.1.1      Is there more than one body/agency that grants licenses to banks?                        No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                              Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                   10




1.2.1      What are the total assets of all commercial banks at year-end 2001?               RS 126,801 MN




1.2.2      What are the total deposits of all commercial banks at year-end 2001?              RS 97,505 MN
        Question                                                                                      Mauritius




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   RS 100 MN
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?          Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                      Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                      Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                      No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                 No
        Question                                                                                  Mauritius


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                No
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 Three
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                             Nil
         Question                                                                                   Mauritius




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                       Nil
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       Nil
                                                                 have been denied?




                                                                 Received                              Nil

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied



                                                                 Received                              Nil




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied




                                                                 Received                              Nil

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Mauritius


                                                                 Denied




                                                                 Received                       One




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                         One




1.11.1                                                           Capital amount or quality?     N/A




1.11.2                                                           Banking skills?                N/A

1.11.3                                                           Reputation?                    N/A



1.11.4                                                           Incomplete application?        N/A




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                     Mauritius




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                              Applicants not being fit and
1.11.5                                                        Other reason(s). Please list.
                                                                                                        proper




1.12.1                                                        Acquisition                           Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                            Not prohibited
         through




1.12.3                                                        Branch                                Not prohibited
           Question                                                                                      Mexico
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                                    Ministry of Finance




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No

                                                                                                    Generally speaking
                                                                                                 intermediaries carry out
           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                        specialized functions according
           commercial banking, securities operations, insurance, etc.)?
                                                                                             to the type of authorization that
                                                                                                         they have.




1.2        How many commercial banks were there at year-end 2001?                                           32




1.2.1      What are the total assets of all commercial banks at year-end 2001?                  173,355 millions of USD




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                123,163 millions of USD
        Question                                                                                                  Mexico




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   0.12 of total assets in the system
        state which)




                                                                                                      Only subsidiaries are allowed to
1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?       operate in Mexico and face the
                                                                                                      same requirement as local banks




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                  Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                  Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                  No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                             Yes
        Question                                                                                  Mexico


1.8.1                                                        Draft by-laws?                        Yes



1.8.2                                                        Intended organization chart?          Yes


                                                             Financial projections for first
1.8.3                                                                                              Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                              Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                          Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                              Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                              Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                              Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                N/A
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                           N/A
         Question                                                                                   Mexico




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                     N/A
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                     N/A
                                                                 have been denied?




                                                                 Received                            N/A

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                              N/A



                                                                 Received                            N/A




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                N/A




                                                                 Received                            N/A

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Mexico


                                                                 Denied                        N/A




                                                                 Received                      N/A




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                        N/A




1.11.1                                                           Capital amount or quality?    N/A




1.11.2                                                           Banking skills?               N/A

1.11.3                                                           Reputation?                   N/A



1.11.4                                                           Incomplete application?       N/A




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                Mexico




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                            Prohibited
           Question                                                                           Moldova, Republic of
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              National Bank of Moldova




1.1.1      Is there more than one body/agency that grants licenses to banks?                           No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                  No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                       16




1.2.1      What are the total assets of all commercial banks at year-end 2001?                    7943.9 mil. lei




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                  5118.1 mil. lei
        Question                                                                                           Moldova, Republic of




                                                                                                        Depending on the license level
                                                                                                          the minimum capital entry
                                                                                                      requirement is as follows: 32 mil.
                                                                                                        lei (~2.3 mil. US$); 64 mil. lei
        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   (~4.6 mil. US$); 96 mil. lei (~6.9
        state which)
                                                                                                       mil. US$) as of 31.12.2002 (see
                                                                                                       art. 26 of the Law on Financial
                                                                                                                  Institutions at
                                                                                                              http://www.bnm.org)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                      Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                  Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                  Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                  No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                             No
        Question                                                                                  Moldova, Republic of


1.8.1                                                        Draft by-laws?                               Yes



1.8.2                                                        Intended organization chart?                 Yes


                                                             Financial projections for first
1.8.3                                                                                                     Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                     Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                 Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                     Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                     Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                     Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                        0
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                                   0
         Question                                                                                   Moldova, Republic of




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                             3
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                             0
                                                                 have been denied?




                                                                 Received                                    3

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                      1



                                                                 Received                                    3




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                        0




                                                                 Received                                    0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Moldova, Republic of


                                                                 Denied                                0




                                                                 Received                              7




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                                1




1.11.1                                                           Capital amount or quality?           No




1.11.2                                                           Banking skills?                      No

1.11.3                                                           Reputation?                          No



1.11.4                                                           Incomplete application?              No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                  Moldova, Republic of




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




                                                                                              The legal entity was not active in
                                                                                                economic, financial and other
                                                                                                 activities for 3 years before
                                                                                                applying for the permission to
1.11.5                                                        Other reason(s). Please list.
                                                                                                 hold a significant interest of
                                                                                                100% in the bank's capital in
                                                                                              compliance with the requirements
                                                                                              of the National Bank of Moldova.




1.12.1                                                        Acquisition                              Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                               Not prohibited
         through




1.12.3                                                        Branch                                   Not prohibited
           Question                                                                                    Montserrat
1. Entry into Banking




                                                                                             Ministry of Finance (government)
1.1        What body/agency grants commercial banking licenses?                               on recommendation of Central
                                                                                                            Bank




1.1.1      Is there more than one body/agency that grants licenses to banks?                               Yes



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           2




1.2.1      What are the total assets of all commercial banks at year-end 2001?                           $166.90




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                         $141.60
        Question                                                                                      Montserrat




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                    EC$5.0m
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?          No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                      Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                      Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                      No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                 No
        Question                                                                                  Montserrat


1.8.1                                                        Draft by-laws?                          Yes



1.8.2                                                        Intended organization chart?            Yes


                                                             Financial projections for first
1.8.3                                                                                                Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                            Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                 None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                             N/A
         Question                                                                                   Montserrat




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                      None
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                       N/A
                                                                 have been denied?




                                                                 Received                             None

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                N/A



                                                                 Received                             None




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                  N/A




                                                                 Received                             None

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Montserrat


                                                                 Denied                          N/A




                                                                 Received                       None




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                          N/A




1.11.1                                                           Capital amount or quality?      N/A




1.11.2                                                           Banking skills?                 N/A

1.11.3                                                           Reputation?                     N/A



1.11.4                                                           Incomplete application?         N/A




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                              Montserrat




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.       N/A




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                 Morocco
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              The Ministery of Finance




1.1.1      Is there more than one body/agency that grants licenses to banks?                           No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                  No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                      19




1.2.1      What are the total assets of all commercial banks at year-end 2001?               MAD 345.398 millions




1.2.2      What are the total deposits of all commercial banks at year-end 2001?             MAD 252.398 millions
        Question                                                                                         Morocco




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   MAD 100.000.000
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?             Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                         Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                         Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                         Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                    No
        Question                                                                                  Morocco


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                  1
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                             0
         Question                                                                                               Morocco




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                                    0
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                                    0
                                                                 have been denied?




                                                                                                    4; It is about demand to increase
                                                                                                          their parts of capital to
                                                                 Received
                                                                                                    assure(insure) the control of the
                                                                                                              Moroccan banks.
         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                                                    0; It is about demand to increase
                                                                                                          their parts of capital to
                                                                 Denied
                                                                                                    assure(insure) the control of the
                                                                                                              Moroccan banks.

                                                                 Received                                           0




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                               0




                                                                 Received                                           0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Morocco


                                                                 Denied                          0




                                                                 Received                        4




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                          0




1.11.1                                                           Capital amount or quality?     No




1.11.2                                                           Banking skills?                No

1.11.3                                                           Reputation?                    No



1.11.4                                                           Incomplete application?        No




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               Morocco




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                     Namibia
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Bank of Namibia ( central bank)




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                     Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                          5




1.2.1      What are the total assets of all commercial banks at year-end 2001?                        N$13.8billio




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                      N$9.7billion
        Question                                                                                       Namibia




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   N$10 million
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?           No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                       No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                       Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                       No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                  No
        Question                                                                                  Namibia


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                None
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                           None
         Question                                                                                   Namibia




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                     One
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                     One
                                                                 have been denied?




                                                                 Received                            None

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                              None



                                                                 Received                            One




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                One




                                                                 Received                            None

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Namibia


                                                                 Denied                        None




                                                                 Received                      None




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                        None




1.11.1                                                           Capital amount or quality?     No




1.11.2                                                           Banking skills?                Yes

1.11.3                                                           Reputation?                    Yes



1.11.4                                                           Incomplete application?        Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                         Namibia




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.   Viability not convincingly proved




1.12.1                                                        Acquisition                              Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                               Not prohibited
         through




1.12.3                                                        Branch                                   Not prohibited
           Question                                                                                    Netherlands
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                                De Nederlandsche Bank NV




1.1.1      Is there more than one body/agency that grants licenses to banks?                                No



                                                                                              No, except for insurance and
           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                        securities activities, for which a
           commercial banking, securities operations, insurance, etc.)?
                                                                                                separate license is required




                                                                                             84 banks at year-end 2001 (on a
                                                                                             consolidated basis). The number
1.2        How many commercial banks were there at year-end 2001?
                                                                                              of banks with a license at year-
                                                                                                    end 2001 was 816.




1.2.1      What are the total assets of all commercial banks at year-end 2001?                       € 1.761,9 billion


                                                                                               € 1.198,5 billion, of which €
                                                                                             817,3 billion are funds entrusted
1.2.2      What are the total deposits of all commercial banks at year-end 2001?
                                                                                                  and € 381,2 billion are
                                                                                                   interbancair deposits
        Question                                                                                                 Netherlands




                                                                                                      € 5.000.000, in accordance with
                                                                                                            article 11 of the Act of
                                                                                                      supervision on the credit system
                                                                                                        1992 and the resolution of the
                                                                                                       assessment of minimum capital
                                                                                                          requirement (article 2). In
        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   practice, for certain branches and
        state which)
                                                                                                       subsidiaries, both domestic and
                                                                                                      foreign, the Nederlandsche Bank
                                                                                                         requires a higher minimum
                                                                                                         capital requirement when it
                                                                                                      decides this is in the best interest
                                                                                                                   of society.




                                                                                                      Yes, both for a EU and non-EU
1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?
                                                                                                       foreign branch and subsidiary.




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                                   Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                                   Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                                   No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                              No
        Question                                                                                  Netherlands


1.8.1                                                        Draft by-laws?                          Yes



1.8.2                                                        Intended organization chart?            Yes


                                                             Financial projections for first
1.8.3                                                                                                Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                            Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                   24
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                              0
         Question                                                                                   Netherlands




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                        15
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                        0
                                                                 have been denied?




                                                                 Received                               0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                 0



                                                                 Received                               3




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                   0




                                                                 Received                               12

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                                       Netherlands


                                                                 Denied                                        0




                                                                                                 0; In the past five years 113
                                                                                                    credit institutions were,
                                                                                              according to article 32 of the Act
                                                                                                 of supervision on the credit
                                                                                                  system 1992, authorised to
                                                                                              perform financial services in the
                                                                 Received                         Netherlands (cross-border
                                                                                               activities) without a license for
                                                                                                  commercial banking being
                                                                                                 required. This authorisation
                                                                                              applies only to credit institutions
         Number of applications from foreign entities to enter                                 that are established in another
1.10.4                                                                                                EU-member State.
         through some other means?




                                                                 Denied                                        0




1.11.1                                                           Capital amount or quality?             Not applicable




1.11.2                                                           Banking skills?                        Not applicable

1.11.3                                                           Reputation?                            Not applicable



1.11.4                                                           Incomplete application?                Not applicable




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                             Netherlands




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                 New Zealand
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Reserve Bank of New Zealand




1.1.1      Is there more than one body/agency that grants licenses to banks?                             No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                    No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                         17




1.2.1      What are the total assets of all commercial banks at year-end 2001?                    NZ$189.6 billion



                                                                                               NZ$171.0 billion - total
1.2.2      What are the total deposits of all commercial banks at year-end 2001?
                                                                                                    borrowings
        Question                                                                                      New Zealand




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   $15 millionNZ
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?            No




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                        No
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                        No
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                       Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                  Yes
        Question                                                                                  New Zealand


1.8.1                                                        Draft by-laws?                           No



1.8.2                                                        Intended organization chart?             Yes


                                                             Financial projections for first
1.8.3                                                                                                 Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                 Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                             Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                 Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                 No
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                 Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                   3
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                              1
         Question                                                                                   New Zealand




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                        6
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                        0
                                                                 have been denied?




                                                                 Received                               1

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                 0



                                                                 Received                               1




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                   0




                                                                 Received                               3

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             New Zealand


                                                                 Denied                           0




                                                                 Received                         1




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                           0




1.11.1                                                           Capital amount or quality?       Yes




1.11.2                                                           Banking skills?                  No

1.11.3                                                           Reputation?                      No



1.11.4                                                           Incomplete application?          Yes




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                               New Zealand




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.   Ownership structure




1.12.1                                                        Acquisition                       Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                        Not prohibited
         through




1.12.3                                                        Branch                            Not prohibited
           Question                                                                                    Nicaragua
1. Entry into Banking




                                                                                              The Superintendency of Bank
1.1        What body/agency grants commercial banking licenses?
                                                                                             and Other Financial Institutions




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           6




1.2.1      What are the total assets of all commercial banks at year-end 2001?                    US$1,838,789,054.0




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                  US$1,459,604,038.2
        Question                                                                                       Nicaragua




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   US$10,000,000
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?           Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                       Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                       Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                        No
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                  Yes
        Question                                                                                  Nicaragua


1.8.1                                                        Draft by-laws?                         Yes



1.8.2                                                        Intended organization chart?           Yes


                                                             Financial projections for first
1.8.3                                                                                               Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                               Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                           Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                               Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                               Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                               Yes
                                                             for the new bank?




        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                                   1
        been received from domestic entities?




1.9.1   How many of those applications have been denied?                                              0
         Question                                                                                   Nicaragua




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                        1
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                        0
                                                                 have been denied?




                                                                 Received                               0

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                                 0



                                                                 Received                               1




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                                   0




                                                                 Received                               0

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Nicaragua


                                                                 Denied                           0




                                                                 Received                         2




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                           0




1.11.1                                                           Capital amount or quality?




1.11.2                                                           Banking skills?

1.11.3                                                           Reputation?



1.11.4                                                           Incomplete application?




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                              Nicaragua




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                       Niger
1. Entry into Banking




                                                                                              The Minister of Finance, after
                                                                                               review of application by the
                                                                                             Central Bank of the West African
                                                                                             States and favourable opinion of
1.1        What body/agency grants commercial banking licenses?                                 the West African Monetary
                                                                                               Union (Benin, Burkina, Côte
                                                                                              d'Ivoire, Guinea-Bissau, Mali,
                                                                                              Niger, Senegal, Togo) Banking
                                                                                                        Commission.




1.1.1      Is there more than one body/agency that grants licenses to banks?                               No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                      No
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                           7




1.2.1      What are the total assets of all commercial banks at year-end 2001?                 158284 (billion CFA francs)




1.2.2      What are the total deposits of all commercial banks at year-end 2001?               108136 (billion CFA francs)
        Question                                                                                             Niger




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   1 billion CFA francs.
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?               Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4                                                                                                           Yes
        as capital?
        Are the sources of funds to be used as capital verified by the regulatory/supervisory
1.5                                                                                                           Yes
        authorities?




        Can the initial disbursement or subsequent injections of capital be done with assets other
1.6                                                                                                           Yes
        than cash or government securities?




1.7     Can initial disbursement of capital be done with borrowed funds?                                       No
        Question                                                                                               Niger


1.8.1                                                        Draft by-laws?                                     Yes



1.8.2                                                        Intended organization chart?                       Yes


                                                             Financial projections for first
1.8.3                                                                                                           Yes
                                                             three years?

                                                             Financial information on main
1.8.4                                                                                                           Yes
                                                             potential shareholders?




        1.8 Which of the following are legally required to be
                                                              Background/experience of future
1.8.5   submitted before issuance of the banking license?                                                       Yes
                                                              directors?




                                                             Background/experience of future
1.8.6                                                                                                           Yes
                                                             managers?

                                                             Sources of funds to be disbursed
1.8.7                                                                                                           Yes
                                                             in the capitalization of new bank?



                                                             Market differentiation intended
1.8.8                                                                                                           Yes
                                                             for the new bank?




                                                                                                  Not available (processed at first
        In the past five years, how many applications for commercial banking licenses have
1.9                                                                                               stage by the local branch of the
        been received from domestic entities?
                                                                                                          Central Bank).




1.9.1   How many of those applications have been denied?                                                       See 1.9
         Question                                                                                   Niger




                                                                 In the past five years, how many
                                                                 applications for commercial
                                                                                                    See 1.9
                                                                 banking licenses have been
         In the past five years, how many applications for
                                                                 received from foreign entities?
1.10     commercial banking licenses have been received
         from foreign entities?




                                                                 How many of those applications
                                                                                                    See 1.9
                                                                 have been denied?




                                                                 Received                           See 1.9

         Number of applications from foreign entities to enter
1.10.1
         through the acquisition of domestic bank?




                                                                 Denied                             See 1.9



                                                                 Received                           See 1.9




         Number of applications from foreign entities to enter
1.10.2
         through new, capitalized subsidiary?                  Denied                               See 1.9




                                                                 Received                           See 1.9

         Number of applications from foreign entities to enter
1.10.3
         through opening a branch?
         through opening a branch?




         Question                                                                             Niger


                                                                 Denied                       See 1.9




                                                                 Received                     See 1.9




         Number of applications from foreign entities to enter
1.10.4
         through some other means?




                                                                 Denied                       See 1.9




1.11.1                                                           Capital amount or quality?   See 1.9




1.11.2                                                           Banking skills?              See 1.9

1.11.3                                                           Reputation?                  See 1.9



1.11.4                                                           Incomplete application?      See 1.9




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?
         Question                                                                                 Niger




         What were the primary reasons for denial of the
         applications in 1.9.1 and 1.10.1?




1.11.5                                                        Other reason(s). Please list.




1.12.1                                                        Acquisition                     Not prohibited




         1.12 Are foreign entities prohibited from entering
1.12.2                                                        Subsidiary                      Not prohibited
         through




1.12.3                                                        Branch                          Not prohibited
           Question                                                                                 Nigeria
1. Entry into Banking




1.1        What body/agency grants commercial banking licenses?                              Central Bank of Nigeria




1.1.1      Is there more than one body/agency that grants licenses to banks?                           No



           Is more than one license required (e.g., one for each banking activity, such as
1.1.2                                                                                                 Yes
           commercial banking, securities operations, insurance, etc.)?




1.2        How many commercial banks were there at year-end 2001?                                      90




1.2.1      What are the total assets of all commercial banks at year-end 2001?                 N2,031.391Billion




1.2.2      What are the total deposits of all commercial banks at year-end 2001?                 N1,000 Billion
        Question                                                                                             Nigeria




        What is the minimum capital entry requirement? (in US$ and/or domestic currency,
1.3                                                                                                   N2 Billion ($17M-$20M)
        state which)




1.3.1   Is this minimum capital entry requirement the same for a foreign branch and subsidiary?                Yes




        Is it legally required that applicants submit information on the source of funds to be used
1.4