Identical to requirements of domestic
banks and periodically revised by
Central bank. Requirements vary with
location, population, number of existing
banks, etc. Deposits may not exceed 15
times capital and reserves.
Minimum of 2,000,000 escudos in Santiago
area-1,000,000 in other areas-payable
within 1 year of approval. 10
As affecting existing banks, liabilities as
defined, cannot exceed 15 times capital;
Dollar remittance of at least $250,000.
Minimum capital requirements are now
approximately 25,000,000 soles, 60 percent
of which may be invested in country's
debt instruments..
Minimum paid-in capital of Bs8,000,000 if
main office is located in Caracas
Bs4,000,000 if located in the interior.13
Capital and reserves of at least
HK$10,000,000. (Assets of branches in
Hong Kong must exceed liabilities by
HK$5,000,000.)
Rs2,000,000 in Indian Government secu-
rities or cash plus 20 percent of annual
profits which must be deposited with
Reserve Bank. (There are no foreign
currency requirements.)
None for branches of U.S. banks.
Under new banking regulations, any new
American participation must be in
existing Lebanese entity which must
have paid-up capital of LL3,000,000.
5 percent of opening deposit figure (with
probable minimum of U.S. $200,000) in
U.S. dollar and sterling investments in
acceptable securities 14 to be deposited
with National Bank of Pakistan, New
York branch, or State Bank of Pakistan.
Ministry of Finance may require minimum
capital. (At present U.S. $500,000).
Minimum paid-up capital: Nigerian bank,
N £12,500, foreign bank, N£200,000.
Not applicable.
Taiwan..
Africa: Nigeria..
See footnotes at end of table, p. 45.