Regulatory Alerts1996-04-17
Notice No. 05/96 of 17 April
The National Bank of Angola issued Notice No. 05/96 to clarify and enforce risk concentration limits for credit institutions. The regulation mandates that institutions manage risks to preserve solvency, establish individual files for exposures exceeding 0.5% of own funds, and cap single-client risk at 30% of own funds while limiting aggregate significant risks to three times own funds. It further defines risk aggregation rules for related entities, grants temporary exceedance exceptions upon justified request, exempts public sector entities, and requires full compliance by 31 May 1996.
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