Regulatory Alerts2019-09-05
Instruction No. 15/2019 of September 6 – Chart of Accounts for Non-Bank Financial Institutions
The National Bank of Angola issued Instruction No. 15/2019 to mandate the standardized Chart of Accounts for Non-Bank Financial Institutions (PCIFNB), aligning accounting records, procedures, and VAT-related operations with international best practices and IFRS. The directive establishes mandatory sub-accounts for VAT tracking, defines a six-part structural framework for financial reporting, and requires all supervised institutions to adopt uniform recording criteria, disclosure rules, and auxiliary coding systems without unauthorized alterations. By enforcing these harmonized accounting standards, the regulator aims to enhance financial transparency, improve risk management, and strengthen the overall stability and comparability of Angola’s non-bank financial sector.