Regulatory Alerts2020-11-15
Directive No. 05/DIF/DRO/2020 of 16 November
The Banco Nacional de Angola, through its Financial Inclusion and Financial System Regulation departments, issues Directive No. 05/DIF/DRO/2020 mandating banking financial institutions to submit monthly statistical reports detailing banking agent activities, customer demographics, account transactions, and credit requests. The directive establishes precise reporting procedures, requiring electronic submission via the Financial Institutions Portal or email by 8:30 a.m. on the 8th day of the following month, while specifying exact data fields, geographic distributions, and transactional metrics. Non-compliance with these reporting obligations constitutes a punishable offense under Angola’s Framework Law on Financial Institutions, with interpretative disputes resolved solely by the central bank.