Regulatory Alerts2018-03-09
Notice No. 02-2018 of 9 March
The Banco Nacional de Angola issued Notice No. 02-2018 to raise the minimum fully paid-up share capital for supervised banking financial institutions to Kz 7.5 billion and align regulatory own funds and solvency ratios with the current macroeconomic context. Institutions currently below these thresholds must submit a detailed compliance action plan within 120 days of publication and fully adjust their capital structures by 31 December 2018. Non-compliant entities unable to meet the new requirements through share issuance or reserve capitalization must pursue mergers or divestitures, with violations subject to penalties under the Framework Law of Financial Institutions.
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