Regulatory Alerts2020-08-21
Notice No. 18/2020, dated August 21
The Bank of Angola issued Notice No. 18/2020 to adjust the minimum share capital and regulatory own funds for non-bank financial institutions, specifically targeting credit guarantee companies amid current macroeconomic conditions. The amended Article 2 of Notice No. 8/2018 now mandates minimum capital thresholds ranging from Kz 25 million for microcredit and credit cooperative companies to Kz 250 million for credit guarantee companies, with specific amounts set for payment service providers, exchange houses, financial assignment firms, and financial leasing companies. This Notice repeals the previous capital requirements under Article 2 of Notice No. 8/2018, resolves interpretative doubts through the Bank's authority, and takes effect upon publication.