Directive No. 03/GAC/2022 on Credit Information Reporting for the Real Economy Sector

GOVERNOR DIRECTIVE No. 03/GAC/2022 ORIGIN: CREDIT MONITORING OFFICE (GAC) DATE 20/04/2022 SUBJECT: Reporting of Information under Notice No. 10/2022 of April 6, Regarding Credit Granting to the Real Economy Sector. Given the need to monitor and track compliance with the provisions of Notice No. 10/2022 of April 6, concerning the promotion of credit granting by Commercial Banks, hereinafter referred to briefly as Banks, to national producers of goods deemed essential, whose national production does not yet satisfy domestic demand; Pursuant to Article 235 of Law No. 14/21 of May 19, the General Regime of Financial Institutions Law; This Directive serves to establish the following:

1. Banks must submit to the National Bank of Angola information on credit granting operations for the production of eligible essential goods, under Notice No. 10/2022 of April 6, as set forth in Annex I of this Directive.
2. Credit granting operations for the production of eligible essential goods, under Notice No. 10/2022 of April 6, must be recorded in the Credit Risk Information Central within the month following their granting.
3. For the purpose of completing the Annex referred to in paragraph 1 (one), Banks must observe the instructions set forth in Annex II of this Directive.
4. The information referred to in paragraph 1 of this Directive must be submitted monthly, by the 8th day of the following month, electronically, using the Financial Institutions Supervision System (SSIF) for this purpose, in accordance with the provisions, requirements, and specifications of the XML message contained in the SSIF.
5. Without prejudice to the provisions of the preceding paragraph, when the SSIF is unavailable for sending and receiving the information referred to in paragraph 1 of this Directive, Banks must submit said information to the Credit Monitoring Office (GAC) of the National Bank of Angola (BNA) in Excel format, via the email address: GAC_GERAL@bna.ao.
6. Non-compliance with the provisions of this Directive constitutes an offense punishable under Law No. 14/21 of May 19, the General Regime of Financial Institutions Law.
7. Any doubts and omissions arising from the interpretation and application of this Directive shall be resolved by the National Bank of Angola.
8. This Directive enters into force immediately on the date of its publication. Luanda, April 20, 2022. CREDIT MONITORING OFFICE

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Veloso Ndunguini Filipe Pedro -Director-

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ANNEX I

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DIRECTIVE No. 03/GAC/2022 8 of 11 ANNEX II Rules for Completing the Credit Granting Map to the Real Economy Sector: ▪ The Map's information is aggregated into 3 main categories, namely: Project Description, Credit Description, Social Impact Description, and Others. Each of these categories has several fields, which may be associated with predefined response options or open response options. ▪ Below each project, the disbursements made and their respective dates must be recorded. ▪ Completion of all fields is mandatory; the institution must include the value 0 (zero) in open response fields, and N/A in predetermined response fields. A. Project Description i. Process ID: Record the internal identification number of the process. ii. Company Name: Record the Company's name. iii. Company Type: Record the type of corporate structure. iv. Tax ID (NIF): Record the Company's Tax Identification Number. v. Size Classification: Record the classification assigned to the company's size (Micro, Small, Medium, Large). vi. Years of Company Activity: Record the number of years of the Company's activity as of the credit application date. vii. Economic Activity Sector: Record the economic activity sector (Section) in which the project falls. viii. Eligible Good: Record the goods as defined in Article 2 of Notice No. 10/2022 on Credit Granting to the Real Economy Sector. In case the project produces multiple eligible goods, the most relevant one for the project must be selected. ix. Project Description: Brief description of the company and the project to be financed. x. Province: Record the province where the project will be implemented. xi. Municipality: Record the municipality where the project will be implemented. xii. Total Project Value (AOA): Record the total project value, in kwanzas. B. Credit Description i. Financing Amount (AOA): Record the total credit to be granted to the Company, in kwanzas. ii. Interest Rate Regime: Record the interest rate application condition: Fixed or Variable. iii. Interest Rate (%): Record the nominal annual interest rate to be applied to the credit to be granted. iv. Commissions: Record the commissions to be applied to the credit to be granted. v. Expenses: Record the expenses to be applied to the credit to be granted. vi. Total Cost (%): Record the total cost of the credit to be granted, which corresponds to the sum of the nominal annual interest rate and commissions. vii. Financing Period (Years): Record the financing period, in years. viii. Capital Grace Period: Record the capital grace period, in months. ix. Capital Repayment Schedule: Record the capital repayment schedule (Monthly, Bi-monthly, Quarterly, Semi-annual, Annual, and Bullet). x. Interest Repayment Schedule: Record the interest repayment schedule (Monthly, Bi-monthly, Quarterly, Semi-annual, Annual, and Bullet). xi. Capital and Interest Repayment Regime: Record the repayment modality for capital and interest installments (Constant and Successive, or Variable). xii. Outstanding Capital (AOA): Record the total outstanding capital, in kwanzas, as of the reporting date. xiii. Associated Collateral: Record whether there is collateral associated with the credit. xiv. Financing Type: Record the financing type (New Granting, Refinancing, or Restructured). xv. Financing Regime: Record the granting regime of the financing. xvi. Financing Purpose: Record the purpose of the credit. xvii. Status: Record the status of the credit process at the institution (Under Review, Approved by Committee, Formalization, and Disbursement). xviii. Entry Date (dd-mm-yyyy): Record the date the credit application was received by the institution. xix. Opinion Date (dd-mm-yyyy): Record the date the institution issued its credit opinion. xx. Contract Signing Date: Record the date of contract signing. xxi. Disbursement Date: Record the date of credit disbursement. xxii. Total Disbursed Amount (AOA): Record the total disbursed credit amount, in kwanzas, as of the reporting date. C. Social Impact Description i. Number of Direct Jobs Created: Record the number of direct jobs estimated to be created/created with the project. ii. Number of National Workers: Record the number of national workers the company projects to have after project execution. iii. Number of Expatriate Workers: Record the number of expatriate workers the company projects to have after project execution. iv. Additional Information: Record any information deemed relevant regarding the company, the project, or the credit.