Regulatory Alerts2014-12-17
Notice No. 11/2014, 17 December: Specific Requirements for Credit Operations
The Bank of Angola issued Notice No. 11/2014 to establish specific regulatory requirements for credit operations, including risk classification, provisioning, and impairment criteria for financial institutions. The notice mandates a seven-tier risk classification system, imposes strict rules on foreign currency lending, and defines procedures for credit recovery and write-offs. These regulations apply to supervised institutions starting January 1, 2016, and revoke previous notice No. 3/2012.
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