Regulatory Alerts2024-12-16
Notice No. 04/2024, of December 16: Minimum Share Capital of Non-Banking Financial Institutions
The National Bank of Angola issues Notice No. 04/2024 to establish standardized minimum fully paid-up share capital requirements for eight categories of non-banking financial institutions, including payment service providers, exchange offices, and microfinance entities. The regulation revokes prior capital rules under Notice No. 05/23 and mandates specific Kwanza thresholds ranging from twenty million to five billion Kwanzas depending on institutional type and authorized services. Compliance is enforced through mandatory capital adjustments, special reserve requirements for payment companies, and misdemeanor penalties for non-compliance.
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