Regulatory Alerts2025-05-05
Notice No. 1/2025 of April 30 on Credit Concessions to Related Parties and Senior Management
The Central Bank of Angola issued Notice No. 1/2025 to redefine the limits and scope for credit concessions by Banking Financial Institutions to related parties and senior management. The regulation mandates that such transactions be risk-assessed, approved by a qualified majority of at least two-thirds of the governing body, and capped at 15% of Core Tier 1 own funds, with specific sub-limits for qualified and non-qualified participants. Institutions must maintain updated lists, conduct annual audits, report exposures quarterly, and face immediate capital penalties for non-compliance.
Share