Regulatory Alerts1997-01-01
Directive No. 12-DSB-1997, dated January 01
The Banking Supervision Directorate of the National Bank of Angola requires commercial banks to pay interest on demand deposits at a rate of 10% per annum, calculated daily and credited to depositors by the 10th day of the following month. Banks that have not yet complied with Article 10 of Notice No. 3/97 since its effective date must regularize their status by October 10, 1997. This directive enters into force immediately and standardizes passive interest rate calculations across the banking sector.
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