Regulatory Alerts2025-04-09
Notice No. 3/GBM/2025, of April 9 – Exceptional Regime for Minimum Regulatory Provisions
The Bank of Mozambique issued Notice No. 3/GBM/2025 to establish an exceptional, twelve-month prudential regime that reduces the minimum regulatory provision percentages for non-performing loans across all supervised credit institutions and financial companies. The directive mandates that re-exporters of petroleum products repatriate revenues via bank transfer within thirty days and convert them to national currency at the spot rate, while prohibiting the use of domestic foreign-currency sales for related payments. Non-compliance triggers administrative sanctions under existing banking laws, with interpretive queries directed to the Prudential Supervision Department.
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