Regulatory Alerts2021-07-07
Circular Letter No. 04/DCF-2021
The National Bank of Angola’s Department of Financial Conduct requires Commercial Banks to adjust time deposit interest rates, particularly for terms of one year or longer, and develop savings products to stimulate household savings and curb inflation. To align with the recent 20% increase in the Basic Interest Rate, banks must ensure deposit rates reflect inflation trends and publish equivalent TANB figures for multi-period deposits. These measures aim to reverse negative real interest rates, encourage longer-term resource maturity on bank balance sheets, and enhance market transparency.
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