Directive No. 06/DEF/DRO-2018 of November 23, 2018

THE GOVERNOR

DIRECTIVE NO. 06/DEF/DRO/2018
ORIGIN: FINANCIAL EDUCATION DEPARTMENT (DEF)
REGULATION AND ORGANIZATION OF THE
FINANCIAL SYSTEM DEPARTMENT (DRO)
DATE
23/11/2018
SUBJECT: Amendment of the Remuneration Interest Rate for the Bankita à Crescer Product

Given the need to adjust the remuneration rate of the Bankita à Crescer deposit account, currently set at 7% p.a., and considering that under the Product Bankita Adhesion Agreement established between the National Bank of Angola (BNA) and the subscribing Commercial Banks, the remuneration interest rate for the “Bankita à Crescer Savings” is established quarterly by the BNA; In accordance with the combined provisions of item f) of paragraph 1 of Article 21 and item d) of paragraph 1 of Article 51, both of Law No. 16/10 of July 15, the National Bank of Angola Law; This Directive serves to establish the following:

1. The interest rate of the time deposit account named Bankita à Crescer Deposit is amended to 12.5% p.a.
2. Commercial Banks must provide information regarding the interest rate mentioned in the preceding paragraph to customers and potential customers, truthfully, currently, and unequivocally, with such information expressed in clear and objective language.
3. Commercial Banks must systematically maintain the aforementioned information at all counters and customer service locations, in a highly visible and directly accessible place, using an easy and direct consultation device, including its publication via electronic means.

DIRECTIVE NO. 06 / DEF/DRO/2018 Page 2 of 2
4. The interest rate of 12.5% p.a. applies to deposits established after the effective date of this Directive.
5. Non-compliance with the mandatory provisions of this Directive is punishable under Law No. 12/15, of June 17 - Framework Law on Financial Institutions.
6. Doubts and omissions arising from the interpretation and application of this Directive are resolved by the National Bank of Angola.
7. Directive No. 01/DSC/2014, of July 15, is hereby revoked.
8. This Directive enters into force on the date of its publication.
Luanda, November 23, 2018.
FINANCIAL EDUCATION DEPARTMENT

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Margareth Lopes Leite Velho da Silva
Deputy Director
REGULATION AND ORGANIZATION OF THE FINANCIAL SYSTEM DEPARTMENT _________________________ Carla Marisa Rodrigues Madeira Gomes Director