Regulatory Alerts1996-03-01
Notice No. 02/96 of March 1
The Banco Nacional de Angola issued Notice No. 02/96 to update the minimum share capital requirement for commercial, investment, and development banks. The regulation mandates that these institutions must be incorporated with a fully paid-in cash capital of at least KZR 140,000,000,000.00, which must be deposited with the central bank upon incorporation. This notice takes immediate effect and formally revokes the previous capital requirement set forth in Notice No. 05/95 of July 17.
Share