Regulatory Alerts2021-09-13
Directive No. 10-DIF-DRO-2021 of September 14
The National Bank of Angola’s Financial Inclusion and Regulation Departments issued Directive No. 10-DIF-DRO-2021 to set the annual interest rate for the 'Poupança Bankita à Crescer' time deposit product at 16.5%. Commercial banks must clearly communicate this rate to current and potential customers, update their financial product price lists, and prominently display it across branches and electronic channels. Non-compliance constitutes a punishable offense under the General Regime for Financial Institutions, with interpretive disputes resolved by the National Bank of Angola.
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