Regulatory Alerts2012-03-28
Notice No. 04/2012 of March 28
The Banco Nacional de Angola issued Notice No. 04/2012 to mandate a minimum 12% Regulatory Solvency Ratio for authorized credit cooperatives, ensuring capital adequacy aligns with operational scale and inherent risks. The regulation establishes precise calculation formulas for Regulatory Own Funds and Risk-Weighted Assets, caps investments at 15% and single-member credit exposures at 25%, and introduces a tiered risk classification table dictating mandatory provisioning rates from 0% to 100%. Furthermore, it enforces strict quarterly and annual reporting protocols via the SSIF platform, mandates external audits by independent auditors, and requires all member credit operations to be conducted in national currency.
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