Section 2: Functions of the Bank

Notwithstanding the provisions of the Banks and Other Financial Institutions Act, the Bank shall be charged with the general duty, and it is hereby authorised without any other licence than this Act, to carry out the following functions-
[Cap. B3.](a) to accept moneys from any person as deposits or savings and make repayment of any such moneys together with any interests thereon; and
(b) to transact any banking or such other business as the Minister may direct.