Regulatory Alerts1992-07-20
Notice No. 4/92
The National Bank of Angola issued Notice No. 4/92 to mandate that all domestic and foreign banking institutions establish minimum provisions for overdue credit and general credit risks. The regulation classifies overdue credit into five risk tiers based on delinquency duration and requires institutions to apply specific minimum provision percentages ranging from 10% to 100% depending on the risk class and collateral status. Additionally, the notice establishes a baseline 2% provision rate on total credit exposure, exempts certain sovereign and international entities from these requirements, and mandates immediate compliance upon issuance.
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