KIF receives Deposit taking license

Central Bank of Timor Leste has 23 August 2016 officially approved a definitive deposit taking license for BOPA partner in East Timor; KIF. This definitive license replaced the temporary license which KIF has been operating under since 1 March 2016.  “This is very encouraging news and confirm our expectations that KIF can become one of the leading financial institutions in East Timor” commented Christian Andersen, CEO of BOPA.