Regulatory Alerts2023-01-13
Directive No. 01/GAC/2023
The Credit Monitoring Office (GAC) of the National Bank of Angola mandates that banking financial institutions submit weekly credit application reports through the Credit Information and Risk Central (CIRC) by 08:30 on Monday, ensuring compliance with XML technical specifications and registering granted credit within thirty days of disbursement. Failure to register granted credit triggers the retention or suspension of associated credit rights, while non-compliance constitutes a punishable offense under Law No. 14/21 and revokes prior conflicting directives. This Directive enters into force thirty days after publication, with the National Bank of Angola retaining authority to resolve any interpretive doubts or omissions.
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