Regulatory Alerts2024-01-26
Circular Letter No. 01/2024
The National Bank of Angola (BNA) issued Circular Letter No. 01/2024 to direct banking financial institutions toward granting operational credit for the 2024/2025 Agricultural Campaign, defining eligible annual and perennial crops alongside specific production factors. The directive mandates that credit costs and mandatory reserve deductions comply with Notice No. 10/22, thereby supporting family and corporate agro-pastoral enterprises with essential treasury funding to sustain domestic production. Financial institutions must route interpretive queries and reporting omissions to the BNA’s Credit Monitoring Office via designated email channels.
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