Regulatory Alerts1994-08-31
Notice No. 10/94 of September 1
The Governor of the National Bank of Angola issues this notice to update the minimum share capital requirement for commercial, investment, and development banks. The regulation mandates that these institutions must be established with a fully paid-up cash capital of at least 600 billion New Kwanzas, which must be deposited with the central bank upon incorporation. This directive immediately supersedes Notice No. 8/94 and amends the relevant provisions of Notice No. 1/92.
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