Council of Ministers approve amendments the BNCTL’s decree-law and new articles of association.
The Timor-Leste government now has the tools to appoint a professional and independent Board, transforming the bank’s leadership and management in BNTL
Timor-Leste Central Bank endorsed the amendment of BNCTL's decree-law.
BNCTL annual performance report.Bank has $105 million in deposits and $82 million in loans with total assets of $149 million and profit of more than $2.1 million.
BNCTL implemented a new core banking technology platform
With the Asian Development Bank’s (ADB) technical assistance (co-financed by the Government of Australia and ADB), BNCTL was able to implement a new core banking technology platform and roll out a nationwide plan to introduce ATMs and point-of-sale terminals (POS) across the country
BNCTL launched first new ATM service in Dili.
BNCTL was established
Since its birth as the country’s first state-owned commercial bank BNCTL has made good operational and financial progress.The BNCTL was transformed from the Institute of Microfinance of Timor-Leste (IMfTL), which was established in 2001