Regulatory Alerts2020-05-28
Instruction No. 11/2020, dated May 29
The National Bank of Angola issued Instruction No. 11/2020 to set the annual premium for participating banking financial institutions in Angola's Deposit Guarantee Fund at 0.076% for 2020. The directive applies to all designated participating institutions, establishes the National Bank's authority to resolve interpretive doubts or omissions, and mandates sanctions under the Basic Law of Financial Institutions for non-compliance. It takes effect immediately upon publication and governs annual contribution calculations until amended.
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