Regulatory Alerts2022-04-22
Directive No. 04-GAC-2022 on Reporting Information for Special Housing and Construction Credit
The Office of Credit Monitoring (GAC) of the Bank of Angola issued Directive No. 04-GAC-2022 to establish reporting rules and procedures for financial institutions regarding special housing and construction credit. The directive mandates that banks submit weekly statistical data on credit operations via the SSIF electronic system or Excel format, ensuring registration in the Credit Risk Information Central within 30 days of disbursement. Non-compliance with these reporting obligations constitutes an offense punishable under the General Regime of Financial Institutions Law.
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