The Central Bank of Seychelles published a press communiqué clarifying how it supervises changes in shareholding within licensed banks, following recent media and public attention on a proposed shareholding change in Nouvobanq. Any transaction involving a change in ownership of a licensed bank is subject to a comprehensive assessment under section 46 of the Financial Institutions Act 2004, conducted within established legal and regulatory frameworks and subject to confidentiality requirements. CBS said it does not communicate details of regulatory applications or transactions during such reviews, warning that speculation can affect individual institutions and the financial system more broadly. It also reassured the public that the domestic banking sector remains stable. Relevant communication may be provided by the parties involved once a regulatory decision has been finalised.
Central Bank of Seychelles 2026-02-27
Central Bank of Seychelles clarifies approval process for ownership changes in licensed banks amid Nouvobanq shareholding proposal
The Central Bank of Seychelles clarified its supervision of shareholding changes in licensed banks, emphasizing comprehensive assessments under the Financial Institutions Act 2004. It highlighted the confidentiality of regulatory reviews and warned against speculation affecting financial stability. The domestic banking sector remains stable, with relevant communication to follow post-regulatory decisions.