Regulatory Alerts2019-08-28
Guideline No. 10/2019 of August 28
The National Bank of Angola issued Guideline No. 10/2019 to amend points 7.3 and 8.2 of its August 2016 lease guidance, aligning lessor accounting for finance and operating leases with impairment analysis requirements under IFRS 9. The revised provisions mandate that receivables from finance leases and operating lease values recorded in the balance sheet undergo impairment assessment throughout the contract term, consistent with Guideline No. 08/2019 on credit portfolio impairment losses. Financial institutions must achieve full compliance within 180 days of publication, with the National Bank of Angola retaining authority to resolve any interpretative doubts or omissions.
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