Regulatory Alerts2013-11-15
Notice No. 14/2013 of November 15 on the Adjustment of Minimum Share Capital and Regulatory Own Funds of Banking Financial Institutions
The Governor of the Central Bank of Angola issued Notice No. 14/2013 to adjust the minimum share capital and regulatory own funds for banking financial institutions to Kz 2.5 billion, requiring all authorized entities to hold their capital fully paid in national currency and meet the new threshold. Institutions currently operating below this minimum must complete their capital adjustments by June 30, 2014. The notice simultaneously repeals the relevant provision in Notice No. 04/07 and takes effect upon publication.
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