Regulatory Alerts1995-01-09
Notice No. 1/95 of January 9
Issued by the Angolan banking regulatory authority, this notice updates the minimum share capital requirement for commercial, investment, and development banks. It mandates that all such institutions must be established with a fully paid-in cash capital of at least 2.4 trillion Kwanzas (NKZ:2.400.000.000.000,00), deposited at the National Bank of Angola by the date of incorporation. The regulation enters into force immediately and formally repeals Notice No. 10/95 of September 15.
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