Regulatory Alerts2025-02-07
Notice No. 10/2024 of 20 December on Credit Concession to the Real Economy Sector
The Banco Nacional de Angola issued Notice No. 10/2024 to revise and expand the scope of credit concession to Angola's real economy sector, broadening eligible goods, services, and financing modalities. The regulation mandates that banking financial institutions adhere to strict access criteria, cap total credit costs at 7.5% for investment and 10% for working capital, and maintain minimum disbursement targets based on institutional asset size. Furthermore, it establishes weighted deductions for eligible credits against mandatory reserves, introduces exceptional deduction mechanisms for strategic projects, and sets a 12-month compliance window with clear reporting and sanctioning provisions.
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