Regulatory Alerts2020-03-30
Instruction No. 04/2020 of March 30 – Financial System: Flexibility in Deadlines for Credit Obligations
The Central Bank of Angola issued Instruction No. 04/2020 mandating financial institutions to grant clients a 60-day moratorium on principal and interest repayments, temporarily suspending related demands and default notices due to the Covid-19 pandemic. The directive applies to regular credit operations, preserves current installment values, and ensures compliance with prudential standards and IFRS 9 without triggering automatic default classification. Financial institutions must report these exposures to the Credit Risk Information Center, implement the measures within two months of publication, and waive associated fees.
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