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3. Objectives of the Regulation

No: 43089486 Date(g): 24/5/2022 | Date(h): 23/10/1443

Effective from 2022-05-24 - May 23 2022
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The Regulation is aimed at achieving the following key regulatory objectives: 
 
 a)Promoting financial inclusion and increasing outreach of financial services to the priority areas;
 
 b)Setting a regulatory and supervisory framework for the branch network;
 
 c)Encouraging geographic diversification of the branch network;
 
 d)Ensuring consumer protection; and
 
 e)Facilitating banks in streamlining their branch networks.