Regulatory Alerts1992-08-12
Notice No. 5/92 of August 12
The Banco Nacional de Angola issues this notice to formally define the regulatory capital ("own funds") composition and calculation methodology for all supervised financial institutions. It mandates the inclusion of paid-in capital, statutory reserves, undistributed profits, and approved subordinated loans, while requiring strict deductions for treasury shares, intangible assets, and current-year losses. Furthermore, it imposes a minimum ten-year maturity for subordinated debt and callable preference shares, establishes a mandatory five-year amortization schedule for these instruments, and outlines specific consolidation adjustments for group-level capital calculations.
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