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The legal frame work to regulate, license and supervise these financial institutions is UNTAET Regulation No. 2000/8 on Banking 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 Public 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 institutions in Timor-Leste composed of Banco Central de Timor-Leste (BCTL), three branches of commercial banks, one local stated own commercial bank, two general insurance companies, two currency exchange bureau, and nine money transfer operators.
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.
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 institutions in Timor-Leste composed of Banco Central de Timor-Leste (BCTL), three branches of commercial banks, one local stated own commercial bank, two general insurance companies, two currency exchange bureau, and nine money transfer operators.
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.
Commercial Banks
MONEY TRANSFER OPERATORS
CURRENCY EXCHANGE BURREAUX (CEB)
Insurance Companies
Other Deposit Taking Institutions (ODTIs)
Finance Company
Agent Banking
| No. | Name of the Financial Institution | Type of Financial Activities | Phone Number | Email Address | City | Administrative Post | Village | Date Established | End Date |
2021