Regulatory Alerts2024-12-16
Notice No. 03/2024 on Minimum Share Capital for Banking Financial Institutions
The National Bank of Angola issued Notice No. 03/2024 to establish minimum fully paid-up share capital requirements for commercial and development banks. The regulation sets the minimum capital at Kz 15 billion for commercial banks and Kz 50 billion for development banks, effectively revoking Notice No. 17/22. Non-compliance constitutes a punishable misdemeanour under Law no. 14/21, and the notice takes effect the day following its December 2024 publication.
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