Regulatory Alerts2023-12-11
Notice No. 8/GBM/2023, of December 11 - Determines the Prudential Ratios and Limits for Financial Leasing Companies
The Bank of Mozambique issued Notices No. 7/GBM/2023 and No. 8/GBM/2023 to establish comprehensive prudential frameworks for exchange offices and financial leasing companies, respectively. Notice No. 7/GBM/2023 defines the composition, calculation, and daily or monthly reporting requirements for own funds and foreign exchange position limits for exchange offices, while repealing the 1995 notice. Notice No. 8/GBM/2023 mandates that financial leasing companies maintain minimum global and basic solvency ratios of 8% and 4%, restrict fixed asset values to own funds, enforce strict risk-weighted asset classification, and align their accounting and provisioning standards with banking supervision rules.
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