Financial Institution

Financial Institution

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The legal framework to regulate, license and supervise these financial institutions is UNTAET Regulation No. 2000/8 on Bank Licensing and Supervision, UNTAET Regulation No. 2000/5 on the establishment of Currency Exchange Bureaux, RDTL’s Law No.6/2005 Regime for the Licensing, Supervision, and Regulation of Insurance Companies and Insurance Intermediaries and its relevant Instructions for the licensing of general and life insurance companies and insurance intermediaries,  Public Instruction No. 6/2020 on the Licensing and Supervision of Other Deposit Taking Institutions, and  Instruction No.01/2013 On the Licensing and Supervision of Money Transfer Operators.

The provisions contained in those legislations were adopted the International best practice standards. The leading financial institution in the country is the BCTL that license, supervise, and regulate those financial institutions activities.

As a new nation, Timor-Leste is in the right direction to develop its national financial system that, at an initial stage, comprised exclusively the banking sector and currency exchange activities.

At this stage, the financial institution in Timor-Leste composed of Banco Central de Timor-Leste (BCTL), four branches of foreign banks, one local stated own commercial bank, two general insurance companies, one life insurance company, four foreign currency exchange bureau,  two other deposit taking institutions, and one credit corporation finance.

In addition two micro finance institutions namely Tuba Rai Metin (TRM) and Moris Rasik in process to obtain license as Other Deposit Taking Institutions as per Public Instruction No. 06/2010 on the Licensing and Supervision of Other Deposit Taking Institutions.

Detailed information on the respective financial institutions can be found through the link to their Home Page in the tables below.

Financial Service Access Points 2020 Map



Commercial Banks
BNU Timor – Grupo Caixa Geral de Depósitos
LICENSE NUMBER CPO/01/2000
STREET ADDRESS Av. Presidente Nicolau Lobato, 12/13 Apartado 190 Dili - Timor-Leste
TELEPHONE +670 3300000
TELEFAX +670 3312922
SWIFT CODE CGDITLDI
EMAIL cgd.timor@bnu.tl
HOME PAGE www.bnu.tl
AUSTRALIA AND NEW ZEALAND BANK (ANZ) BANKING GROUP, TIMOR-LESTE BRANCH
LICENSE NUMBER CPO/B/02/2001
STREET ADDRESS

Timor Plaza, 3rd floor Rua Presidente Nicolau Lobato Comoro – Dili, Timor Leste
TELEPHONE +670 3306100
TELEFAX +670 3316789
SWIFT CODE ANZBTPDI
EMAIL easttimor@anz.com
HOME PAGE http://www.anz.com/timorleste/en/auxiliary/
BANCO NACIONAL DE COMÉRCIO DE TIMOR-LESTE (BNCTL)
LICENSE NUMBER BPA/B-05/2011
STREET ADDRESS Av. Presidenti Nicolau Lobato, Mandarin Dili – Timor-Leste
TELEPHONE +670 331 0444
TELEFAX +670 3339187
EMAIL smspirito@hotmail.com
Home Page www.bnctl.tl
PT. BANK MANDIRI (PERSERO) TBK. DILI - TIMOR-LESTE BRANCH
LICENSE NUMBER BPA/B/04/2003
STREET ADDRESS Presidente Nicolau Lobato No. 12 Colmera, Dili – Timor-Leste
TELEPHONE +670 331 7777
TELEFAX +670 331 7444 
SWIFT CODE BEIIIDJAXXX
EMAIL dili_timorleste@bankmandiri.co.id
HOME PAGE http://www.bankmandiri.co.id/
PT. Bank Rakyat Indonesia (Persero), Tbk, Timor-Leste Branch
LICENSE NUMBER               BCTL/B/05/2017
STREET ADDRESS

Grand Diocese Colmera Complex, Rua Nicolao dos Reis Lobato, Dili, TL
TELEPHONE +670 3311372
TELEFAX +670 3310198
SWIFT CODE BRINTLDI
EMAIL timorleste@bri.co.id
HOME PAGE bri.co.id
MONEY TRANSFER OPERATORS
SAHABAT LORO SA'E, UNIPESSOAL, LDA "MONEY TRANSFER"
NUMBER OF MTO 1
NAME OF MTO Sahabat Loro Sa'e, Unipessoal, Lda "Money Transfer"
LICENSE Nº GD No.4/2013
DATE 21 May ‘13
ADDRESS Av. Jacinto Cândido Dili, Timor-Leste
MOBILE NUMBER 77344300
OPERATING OFFICE 1
ISLAND DREAM MONEY, LDA "MONEY TRANSFER"
NUMBER OF MTO 2
NAME OF MTO Island Dream Money, Lda” Money Transfer”
LICENSE Nº GD No. 5/2013
DATE 21 May ‘ 13
ADDRESS

Rua de Luís Dos Reis Noronha, Villa Verde, Dili, Timor-Leste
MOBILE NUMBER 77520635
OPERATING OFFICE 3
SISTER MOTOR II UNIPESSOAL, LDA "MONEY TRANSFER OPERATOR"
NUMBER OF MTO 3
NAME OF MTO Sister Motor II Unipessoal, Lda “Money Transfer Operator”
LICENSE Nº GD No. 6/2013
DATE 21 May ’13
ADDRESS Av. Belarmino Lobo Dili, Timor-Leste
MOBILE NUMBER 77171712
OPERATING OFFICE 1
BOA VENTURA UNIPESSOAL, LDA " MONEY TRANSFER OPERATOR"
NUMBER OF MTO 4
NAME OF MTO Boa Ventura Unipessoal, Lda  “Money Transfer Operator”
LICENSE Nº GD No. 8/2013
DATE 6 Jun’ 13
ADDRESS Av. Belarmino Lobo Dili, Timor-Leste
MOBILE NUMBER 77371071
OPERATING OFFICE 1
BARATU GROUP "MONEY TRANSFER OPERATOR"
NUMBER OF MTO 5
NAME OF MTO Baratu Group  “Money Transfer Operator”
LICENSE Nº GD No. 9/2013
DATE 6 Jun ‘13
ADDRESS Av. Presidente Nicolau Lobato, Colmera Dili, Timor-Leste
MOBILE NUMBER 77359637
OPERATING OFFICE 1
IISTANA GROUP "MONEY TRANSFER OPERATOR"
NUMBER OF MTO 6
NAME OF MTO Istana Group Money Transfer Operator
LICENSE Nº GD No. 10/2013
DATE 25 Jun’ 13
ADDRESS Av.  Martires da Patria, Mandarin 124, Dili Timor-Leste
MOBILE NUMBER 77454297
OPERATING OFFICE 2
FOHO OSAN MEAN GROUP "MONEY TRANSFER"
NUMBER OF MTO 7
NAME OF MTO Foho Osan Mean Group “Money Transfer”
LICENSE Nº GD No. 11/2013
DATE 25 Jun’ 13
ADDRESS Av. Audian 25 Dili, Timor-Leste
MOBILE NUMBER 77814485
OPERATING OFFICE 1
PACIFIC HOLDINGS, UNIPESSOAL, LDA "MONEY TRANSFER"
NUMBER OF MTO 8
NAME OF MTO Pacific Holdings, Unipessoal, Lda "Money Transfer"
LICENSE Nº GBR No.06/2014
DATE 31 July 2014
ADDRESS Av. Presidente Nicolau Lobato, Colmera Dili, Timor-Leste
MOBILE NUMBER +670 3321 586
FACSIMILE +670 3321 584
OPERATING OFFICE 2
ALEXANDER MONEY TRANSFER, UNIPESSOAL, LDA
NUMBER OF MTO 9
NAME OF MTO ALEXANDER MONEY TRANSFER, UNIPESSOAL, LDA
LICENSE Nº GBR /101/2020
DATE 31 JANUARY,2020
ADDRESS

Avenida Presidente Nicolau Lobato, Zero II, Fatuhada, Diliana Plaza, 30 Floor, Room B2, Dom Aleixo, Dili, Timor-Leste. 
DIRECTOR JOSE ALEXANDER JEKA GUTERRES  
MOBILE NUMBER +(670) 77142493
FACSIMILE  
EMAIL  alexandermtransferunipessoal@gmail.com 
WEBSITE  
OPERATING OFFICE 1
CURRENCY EXCHANGE BURREAUX (CEB)
Global EX, CEB
NUMBER OF CEB                         1
NAME OF CEB Global EX, CEB
LICENCE Nº CPO/CEB/02/2002
ADDRESS Av. Presidente Nicolau Lobato, Colmera Dili, Timor - Leste
MOBILE NUMBER +670 390 321 586
FACSIMILE +670 390 321 584
EMAIL wunionet@yahoo.com.au
OPERATING OFFICE 1
Sahabat Loro Sa'e Unipessoal, LDA
NUMBER OF CEB 3
NAME OF CEB Sahabat Loro Sa’e, Unipessoal, Lda
LICENSE Nº BR № 67/2018
DATE 23 March,2018
ADDRESS Av. Jacinto Candido, Dili Timor-Leste
MOBILE NUMBER +670 73405100
EMAIL licensahabat@yahoo.co.id
OPERATING OFFICE  
Island Dream Money, lda " Currency Exchange Burreaux "
NUMBER OF CEB  2
NAME OF CEB Island Dream Money, lda " Currency Exchange Burreaux "
LICENSE Nº  BR № 08/2014
ADDRESS

Rua de Luís Dos Reis Noronha, Villa Verde, Dili, Timor-Leste
MOBILE NUMBER  +670 77520635
FACSIMILE  
EMAIL  island_dreams2000@yahoo.com
OPERATING OFFICE  1
VFinancial Money Exchange, Unipessoal, Lda
NUMBER OF CEB 4
NAME OF CEB VFinancial Money Exchange, Unipessoal, Lda 
LICENSE Nº BR № 99/2019
DATE 18 December, 2019
ADDRESS Level 1 Timor Plaza, Rua Presidente Nicolau Lobato, Comoro, Timor-Leste
DIRECTOR Mr. Kiang Ming Tan
MOBILE NUMBER  
FACSIMILE  
EMAIL Jack@aquemas.com.au
OPERATING OFFICE 1
Insurance Companies
Sinarmas Insurance, SA (SMI)
LICENSE NUMBER ABP/CSG-02/2011
STREET ADDRESS Rua 30 de Agosto, Lecidere, Dili, Timor - Leste
TELEPHONE (+670) 3310 899 / 7783 6356
E-MAIL info@sinarmasinsurance-timorleste.com
HOME PAGE www.sinarmasinsurance-timorleste.com
Federal Insurance Timor, S.A. (FIT)
LICENSE NUMBER Resolution №38/2016, 23 August
STREET ADDRESS Suite 4, No Coracao de Dili (Opposite Liceu), Rua de Mozambique, Colmera, Dili, Timor – Leste
TELEPHONE

(+670) 331 0098 / 7770 2337
E-MAIL info@asuransifit.com
HOME PAGE -
Sinar Mas Life Insurance, S.A (SMLI)
LICENSE NUMBER GBR No:117/2022,  January 27
STREET ADDRESS Rua 30 de Agusto, Bidau Lecidere, Dili, Timor-Leste.
Managing Director

Yohanes Usboko
TELEPHONE

(670) 3310899, 7335302
E-MAIL yohanes.usboko@sinarmaslife-timorleste.com
HOME PAGE -
Other Deposit Taking Institutions (ODTIs)
Kaebauk Investimentu no Finansas, SA (KIF)
License Number                    GBR No.39/2016
Address              

Rua Bebonuk, Dom Aleixo, Díli, Timor-Leste
Phone                  +670 3322062 / 77262887
Website www.kaebauk.tl 
Skype angelo.soares65
Chief Executive Officer (CEO)   Angelo Soares 
SERVISU FINANSEIRU MORIS RASIK, SA
License Number                    GBR No.81/2018
Address              

Head Office, Unit 334-335, 3rd Floor, Timor Plaza 
Av. Presidente Nicolau Lobato, Dili, Timor-Leste
Phone                  +670 77301896, +670 77301910
Email ashan@morisrasik.com or Joao@morisrasik.com
 Website www.morisrasik.com 
 Skype ahsan.bd60
Chief Executive Officer (CEO) Md Ahsan Ullah Bhuiyan
Finance Company
CREDIT CORPORATION FINANCE LTD, R.P
Decision No objection letter date 28 April,2017 (ref.: DG/2017/080/RB)
Address Office 74, Plaza Hotel Office, Rua 30 do Agusto, Lecidere, Dili, Timor-Leste
Phone +670 73356860
Website www.creditcorpotation.com.pg
  info@creditcorpotation.tl
Country Head              Chris Durmman

Agent Banking

No. Name of the Financial Institution Type of Financial Activities Phone Number Email Address City Administrative Post Village Date Established End Date





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