Regulatory Alerts2012-04-03
Notice No. 17/2012 of April 3, 2012 on Prudential Norms for Financial Leasing Companies
The National Bank of Angola issued Notice No. 17/2012 to establish specific prudential norms for authorized financial leasing companies, mandating fully paid national currency capital, minimum regulatory solvency ratios, and strict limits on third-party guarantees, related-party leasing, and equity participations. The regulation requires these entities to apply precise accounting treatments for net investment in leasing, maintain robust information systems, and submit quarterly trial balances via the SSIF platform alongside comprehensive notes to accounts detailing gross investments, present values, and unguaranteed residuals. Non-compliance with periodic reporting deadlines incurs daily fines proportional to the minimum share capital, while all entities must undergo annual external audits and report customer credit risk data to the Information and Credit Risk Center.