Regulatory Alerts2023-08-28
Notice No. 10/2023: Credit Granting Procedures by the Bank of Angola to Solvent Banking Institutions Facing Temporary Liquidity Problems
The Bank of Angola issued Notice No. 10/2023 to establish credit granting procedures for solvent banking financial institutions experiencing temporary liquidity problems. The regulation mandates that eligible institutions demonstrate exhausted interbank funding, maintain regulatory capital ratios above statutory minimums, and provide adequate guarantees while submitting a repayment plan within 180 days. It further imposes strict monitoring, weekly reporting, specific interest rate calculations (permanent facility rate plus 2% spread), and potential contractual restrictions such as dividend suspension and lending caps to ensure systemic stability.
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