Regulatory Alerts2026-07-09
Added · Updated
Directive No. 04/2026, of July 2, on Requirements for Calculation and Compliance with Mandatory Reserves
The Governor of the National Bank of Angola issued Directive No. 04/2026, effective July 2, 2026, to update the requirements for calculating and complying with Mandatory Reserves for banking financial institutions, aiming for monetary policy efficiency. The directive establishes a monthly calculation period for both National Currency (NC) and Foreign Currency (FC) reserves, setting the NC coefficient at 17.5% and the FC coefficient at 22% for most items, while a 100% coefficient applies to Central Government, Local Governments, and Municipal Administrations accounts in FC. It further specifies eligible assets for FC reserves, details conditions for the deduction and maintenance of credit rights, and revokes Directive No. 02/26 of March 25.