Regulatory Alerts2024-12-18
Notice No. 03/2024 on Minimum Share Capital of Banking Financial Institutions
The Bank of Angola establishes minimum fully paid-up share capital requirements for Commercial Banks at Kz 15 billion and Development Banks at Kz 50 billion, thereby revising Notice No. 17/22 to clarify capital thresholds for banking financial institutions under Law No. 14/21. Non-compliance constitutes a punishable offence, while the Bank of Angola retains authority to resolve interpretative doubts and omissions. All conflicting prior regulations are explicitly repealed, with this Notice entering into force the day following its December 16, 2024 publication.
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