Regulatory Alerts2024-12-20
Notice 10/2024 on Credit Granting to the Real Sector of the Economy
The National Bank of Angola issued Notice 10/2024 to update and broaden the regulatory framework for banking institutions granting credit to Angola's real sector, encompassing agriculture, manufacturing, and logistics. The regulation establishes strict access criteria for borrowers, caps total credit costs at 7.5 percent for investment and 10 percent for working capital, and mandates that banks disburse a minimum number of loans to new clients based on their asset size. Furthermore, eligible loans are deductible from mandatory reserves at specified weightings, with banks required to implement compliance measures and reporting protocols within twelve months of publication.
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