Regulations Governing Domestic Branches of Financial Institutions Article 7
A financial institution that applies to relocate a branch shall submit the following documentation to the competent authority:1. Application for relocating a domestic branch (see Schedule 3).2. A relocation plan.3. Minutes of the board of directors' meeting.The relocation plan referred to in the preceding paragraph shall include the following particulars:1. Main reasons for relocation.2. The distribution of financial institutions (including post offices) in the area surrounding the new branch location.3.The opinions expressed by existing customers, and how the rights and obligations of existing customers will be handled, or other alternative service plans.4. The business plan for the new business location.5. The branch's balance sheets and income statements for the past three years.6. A comparative analysis of the branch's business status for the past three years and the three years after relocation.7. Employee placement plan.