Regulatory Alerts2023-06-28
Added · Updated
Authorization for the Establishment of Microcredit Societies and Credit Cooperatives (Notice No. 04/2023)
Notice No. 04/2023 establishes the requirements and procedures for the authorization, registration, and commencement of activities for Microcredit Societies, Credit Cooperatives, and Microcredit Operators in Angola. It mandates prior authorization from the National Bank of Angola for establishment, specifies a minimum initial membership of three for Credit Cooperatives, and requires special registration with the central bank before operations begin. The notice details the documentation, financial capacity proofs, and integrity checks required for applicants and their shareholders.
More like this from BNA
BNA published 1 document in the last 30 days. We email you each new one the day it's published.
Topics
Share