Licensing of banks and savings houses
Licensing includes:
-
issuing licenses for establishment and operation of banks and establishment of foreign banks' branches;
-
issuing licenses for statutory changes (acquisitions and mergers of banks, transformation of a savings house into bank and acquisition of a savings house by a bank);
-
issuing approvals according to the Banking Law.
The legal framework thoroughly defines the licensing process performed by the National Bank. In the licensing process, the National Bank follows the principles of legality, consistency per subject and in time, expertise, ethics and neatness.
List of Licences and Approvals that the National bank of the republic of Macedonia is authorized to issue, according to the banking law
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