Regulatory Alerts1991-12-16
Instruction No. 10/91 on Banking Supervision of Financial Investments and Overdue Loans
The National Bank of Angola mandates that all authorized financial institutions must classify any credit operations not fully or partially settled within 30 days of maturity into account 28 for credits, securities, and due interest. Financial institutions are required to submit quarterly statement reports of these account balances to the Banking Supervision Directorate by the 15th day of the following month, with values disaggregated by state-owned, mixed, private, individual, and other borrowers. This instruction takes immediate effect, with the first reporting period covering December 31, 1991.
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