Regulatory Alerts2022-10-07
Notice No. 17/2022, of October 7
The National Bank of Angola issued Notice No. 17/2022 to mandate a minimum share capital of Kz 15 billion for all banking financial institutions under its supervision. Existing institutions with paid-up capital below this threshold must comply within twelve months of the notice's effective date. Non-compliance constitutes a punishable offense under financial institutions law, and the prior Notice No. 02/2018 is hereby repealed.
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