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Public Notice

REVOCATION OF KISH CITY BANK'S LICENSE

The public is hereby informed that the Central Bank of Lesotho has revoked the Banking License of Kish City Bank, with effect from 1st April 2008, for failing to comply with the Regulations under the Financial Institutions Act of 1999.

Furthermore, the public is notified that the Bank has revoked the Licenses of the below-mentioned Insurance Brokers, for non-compliance with the Insurance Act of 1976, and its implementing regulations of 1985:

(i)       Wealth Insurance Brokers (Pty) Ltd. (with effect from 27th September, 2007)

(ii)     DIB International Insurance Brokers (Pty) Ltd. (with effect from 8th October, 2007)

For more information, please contact Mrs. ‘Mankone Mofelehetsi –The Director of Supervision Department of the Central Bank of Lesotho at 22232003.

2008 April, 08

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