Regulatory Alerts2020-02-27
Notice No. 03/2020 of 28 February
The Banco Nacional de Angola issued Notice No. 03/2020 to amend the regulatory framework governing the fixed asset limits of supervised Financial Institutions. The Notice caps total net fixed assets at 50% of Regulatory Own Funds, restricts non-operational real estate acquisitions to those resulting from credit repayments within two years, and imposes branch-opening prohibitions on non-compliant entities. Financial Institutions must align with these provisions by 31 December 2020, with non-compliance treated as an administrative offense under the Financial Institutions Framework Act.
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