Regulatory Alerts1994-04-04
Instruction No. 2/94: Monetary Policy - Credit Operations and Limits Regulation
The National Bank of Angola issued Instruction No. 2/94 to establish a quantitative credit control framework for all domestic financial institutions, aligning credit expansion with the 1994 macroeconomic targets. The directive mandates that credit limits be allocated proportionally based on each institution's share of system-wide deposits, calculated using a specified formula and adjusted for new entrants, fiscal or foreign-funded credits, and operational margins. Compliance is monitored through weekly position averages, requiring institutions to submit specific reporting tables and deposit any quarterly excess amounts interest-free with the Central Bank.
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