Regulatory Alerts2023-07-14
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Guideline No. 06/2023 of July 14
The National Bank of Angola issued Guideline No. 06/2023 to establish prudential limits on large exposures and cap banking institutions' holdings in non-financial companies at 15% per entity and 40% globally. The regulation mandates quarterly reporting, strict concentration risk monitoring, and specific exemptions or deductions for state-backed, guaranteed, and real estate-collateralized exposures. Non-compliance triggers own fund requirements weighted at 1250% and is subject to sanctions under the General Regime for Banking Financial Institutions.
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