Regulatory Alerts1993-05-17
Notice No. 07/93 of May 18
The Banco Nacional de Angola issued Notice No. 07/93 to establish a debt limit for Commercial Banks set at fifteen times their Own Capital, calculated using specific absolute values from the Financial Institutions' Chart of Accounts. The regulation specifies that deductions for interdepartmental accounts are limited to asset-side balances and defines Own Capital according to Notice 5/92. Commercial Banks exceeding this debt threshold will face immediate restrictions, including prohibitions on opening new branches, providing guarantees, and operating reciprocal credit agreements.
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