The inception of the ACB comes at the hands of Congo's major banks, in alignment with Congolese legislation. The ACB manifests as a non-profit association of licensed banks operating in the Democratic Republic of the Congo, established as the "Association Congolaise des Banques".
DRC achieves its independence on June 30.
The banking sector witnesses a swift expansion under new regulatory frameworks. The membership of the ACB escalates from 6 to 22 within four years.
The ACB plays a pivotal role in executing the government's initiative to massively bank civil servants throughout the nation, leading to the creation of more than 1 million bank accounts within a few months.
In adherence to its financial inclusion mandate, the ACB aids the government in crafting and executing the national strategy for financial inclusion.