Regulatory Alerts1995-07-17
Notice No. 05/95 of 17 July 1995 on Minimum Share Capital for Banking Institutions
The Governor of the National Bank of Angola issued Notice No. 05/95 of 17 July 1995 to amend the minimum share capital requirements for commercial, investment, and development banks. The regulation mandates that these institutions must be established with a fully paid-up cash capital of no less than KZR 9 600 000 000 00 (Nine billion and six hundred million Adjusted Kwanzas), which must be deposited with the central bank by the date of incorporation. This notice immediately supersedes the previous capital framework and formally repeals Notice No. 1/95 of 9 January 1995.
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