By that resolution unanimously adopted on July 29, 2010, the Governing Board of the FIC lifted the moratorium on issuance of new banking licenses The moratorium on the establishment of new banks in Palau became effective on February 19, 2003 by FIC Resolution No. 02-2003-03 dated the same in order to allow the Commission time to adopt and fully implement its prudential and administrative regulations as promulgated under the Financial Institutions Act. The FIC is prepared to accept any and all completed bank license application packets.
Make sure all items on the Banking Application Submission checklist are fulfilled and/or complete.