Regulatory Alerts2018-09-10
Instruction No. 11/2018 on Interbank Money Market Liquidity Lending by Development Banks
The National Bank of Angola issued Instruction No. 11/2018 to authorize Development Banks to participate in the interbank money market by lending liquidity with or without collateral. The directive mandates a minimum 90-day maturity for these operations, caps interest rates at the Luanda Interbank Offered Rate (LUIBOR) structure, and requires execution through the Asset Market Management System (SIGMA). Furthermore, it establishes prudential limits for liquidity and credit risk concentration, revokes Instruction No. 04/18, and designates non-compliance as a punishable offense under the Framework Law for Financial Institutions.
Share