Regulatory Alerts2023-08-10
Instruction No. 11/2023 of 9 August on Regulatory Capital Requirements for Credit and Counterparty Credit Risk and Periodic Reporting
The National Bank of Angola issued Instruction No. 11/2023 to establish detailed technical requirements for banking financial institutions to calculate regulatory capital for credit and counterparty credit risk, define applicable risk classes and weighting factors, and mandate quarterly individual and consolidated reporting. The directive introduces transitional provisions requiring a gradual 100% risk weighting for non-national currency exposures to the Angolan State and the central bank by January 2027, while repealing conflicting prior regulations and specifying sanctions for non-compliance. It further standardizes the methodology for off-balance sheet exposures, derivative instruments, credit risk mitigation, and external credit assessments across all prescribed risk categories.