Regulatory Alerts2018-12-03
Directive No. 06/DEF/DRO-2018 of November 23, 2018
The National Bank of Angola, through its Financial Education and Financial System Regulation Departments, issued Directive No. 06/DEF/DRO-2018 to amend the remuneration interest rate for the Bankita à Crescer deposit account from 7% to 12.5% per annum, applicable to deposits established after publication. Commercial banks are mandated to disclose this updated rate truthfully, clearly, and objectively to current and potential customers across all service counters and electronic channels. Non-compliance with these mandatory provisions is punishable under the Financial Institutions Framework Law, while any interpretative ambiguities remain subject to resolution by the National Bank of Angola.
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