Regulatory Alerts2020-10-29
Directive No. 01/DSB/2020 on Property Valuation
The Banking Supervision Department (DSB) of the National Bank of Angola mandates that banking financial institutions utilize qualified, independent appraisers registered with the Capital Markets Commission to conduct property valuations. The directive requires all valuation reports and corresponding accounting records to reflect values exclusively in national currency, prohibiting foreign-currency indexing, while obligating institutions holding existing foreign-currency valuations to obtain compliant national-currency assessments. Non-compliance constitutes a punishable offense under the Basic Law of Financial Institutions, with unresolved interpretive matters reserved to the National Bank of Angola.
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