Regulatory Alerts2011-06-29
Notice No. 05/2011 of June 29 – Prudential Rules for Credit Cooperatives
The Bank of Angola issued Notice No. 05/2011 to establish prudential rules for credit cooperatives, mandating a minimum 12% Regulatory Solvency Ratio calculated through a standardized capital-to-risk-weighted-assets formula. The regulation standardizes base and supplementary own funds, imposes strict limits on securities investments (15%) and single-member credit exposures (25%), and requires exclusive national currency for inter-member lending. Additionally, it enforces risk-based credit classification with mandatory provisioning, quarterly XML reporting via the Financial Institutions Supervision System, and annual external audits to ensure financial stability and international alignment.
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