Regulatory Alerts2020-08-21
Notice No. 20/2020 of August 21 on Operational Rules for Credit Guarantee Companies
The National Bank of Angola issued Notice No. 20/2020 to establish operational rules for Credit Guarantee Companies (CGCs) supervised by the central bank. The regulation mandates a minimum 10% Regulatory Solvency Ratio, defines precise formulas for calculating Risk-Weighted Assets and Own Funds, and sets strict limits on guarantee volumes per client. It further standardizes capital composition, reserve requirements, risk governance, information reporting deadlines, and transitional compliance periods to ensure prudential stability.
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