Regulatory Alerts2024-12-20
Notice No. 07/2024 of 20 December – Operational Rules and Prudential Requirements for Development Banks
The National Bank of Angola issued Notice No. 07/2024 to establish operational rules and prudential requirements for Development Banks, defining their scope, permitted activities, governance standards, and capital adequacy ratios. The regulation mandates minimum own funds requirements of 6% regulatory ratio, 4% Tier 1, 2.5% CET1, and a 5% leverage ratio, while restricting prohibited activities such as deposit-taking and local government account management. Furthermore, it imposes strict liquidity risk ratios, market risk caps of 10% on trading portfolios, and a 90-day compliance deadline for currently registered institutions.
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