Regulatory Alerts2018-11-10
Directive No. 06-DEF-DRO-2018, of November 11
The National Bank of Angola, through its Financial Education and Financial Regulation Departments, issued Directive No. 06/DEF/DRO/2018 to amend the remuneration interest rate for the Bankita à Crescer deposit account from 7% per annum to 12.5% per annum. Commercial banks are required to communicate this updated rate to current and prospective customers in clear, accurate, and unambiguous language while maintaining organized records at all public service counters and electronic platforms. The revised rate applies to deposits established after the directive's publication, with non-compliance subject to penalties under existing financial institution laws and unresolved interpretive matters falling under the National Bank of Angola's authority.