By that resolution unanimously adopted on July 29, 2010, the Governing Board of the PFSR 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 PFSR 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 PFSR 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.
Complete Personal Financial Statement for each applicable individual.
Due No Later Than Thirty (30) Days After Each Quarter
(Ending on March 31st, June 30th, September 30th, and December 31st)
PFSR Prudential Return Form 3 (Risk-Based Capital)
Statement of Financial condition in PFSR specified format prepared as of the close of business December 31st
Audited Financial Statements on consolidated basis
Separate Balance Sheet and Income Statement of Palau Branch on Stand-Alone basis (Foreign Banks)
P.O. Box 6051 Koror, Palau 96940
Phone: 680-488-1326/2657 • Monday – Thursday, 8:00 am – 6:00 pm