Regulatory Alerts2022-04-21
Added · Updated
Directive No. 03/GAC/2022 on Credit Information Reporting for the Real Economy Sector
The Credit Monitoring Office (GAC) of the National Bank of Angola issued Directive No. 03/GAC/2022 to mandate commercial banks to report monthly on credit operations granted to national producers of essential goods under Notice No. 10/2022. Banks must submit detailed project, credit, and social impact data via the Financial Institutions Supervision System (SSIF) by the 8th of each following month, or via Excel to the GAC if the system is unavailable. Non-compliance constitutes a punishable offense under the General Regime of Financial Institutions Law, with the National Bank of Angola retaining authority to resolve interpretive disputes.
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