Regulatory Alerts2021-06-03
Notice No. 07/21 of May 31 – Prudential Treatment of Moratorium Credits in the Context of the COVID-19 Pandemic
The Banco Nacional de Angola issued Notice No. 07/21 to temporarily adjust the prudential classification of commercial bank credits granted payment moratoria in response to COVID-19. The regulation mandates that banks evaluate client repayment capacity, respond to requests within thirty days, and maintain existing risk levels without reclassifying these exposures as defaulted or restructured, provided the moratorium does not exceed six months. This framework remains valid for eight months and enforces compliance through sanctions under the General Regime of Financial Institutions Law.
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