RegAlert

Rule · BNA · 28 Nov 2023

Guideline No. 16 - 2023, November 28

monetary

The National Bank of Angola issued Guideline No. 16/2023 to eliminate the custody fee on excess free reserves held by commercial banks at the central bank. This revocation of Guideline No. 08/23 sustains the mobilization of idle banking resources and strengthens financial intermediation between banking institutions and economic agents. The measure takes effect upon publication, with the central bank retaining authority to resolve any interpretative doubts or omissions.

AngolaBanco Nacional de Angola

GUIDELINE NO. 16/2023 of November 28
SUBJECT: FINANCIAL SYSTEM

  • Revocation of Guideline No. 08/23, dated July 19, on
    the Custody Fee Applicable to the Free Reserves of Commercial Banks Deposited at the National Bank of Angola

Having fulfilled the objective of mobilizing idle resources in the Banking Financial System to strengthen financial intermediation between Banking Financial Institutions and economic agents; Pursuant to the combined provisions of item a) of paragraph 1 of Article 18 and paragraph 1 of Article 98, both of Law No. 24/21, dated October 18, the National Bank of Angola Law.

IT IS DETERMINED:

  1. Object
    This Guideline aims to eliminate the custody fee on the excess free reserves of Banking Financial Institutions, deposited at the National Bank of Angola.

  2. Scope
    This Guideline applies to Banking Financial Institutions.

CONTINUATION OF GUIDELINE NO. 16/2023 Page 2 of 2

  1. Revocation
    Guideline No. 08/23, dated July 19, on the Custody Fee applicable to the Free Reserves of Commercial Banks deposited at the National Bank of Angola, is hereby revoked.

  2. Doubts and Omissions
    Doubts and omissions arising from the interpretation and application of this Guideline are resolved by the National Bank of Angola.

  3. Entry into Force
    This Guideline enters into force on the date of its publication.

PUBLISHED.
Luanda, November 28, 2023.
THE GOVERNOR
MANUEL ANTÓNIO TIAGO DIAS

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RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

Guideline No. 08/23, dated July19, on the Custody Fee applicable…Not in RegAlert · 2023Guideline No. 08/23, dated July 19, on the Custody Fee applicable to the Free Reserves… — Not in RegAlert · 2023Guideline No. 16 - 2023,November 282023-11-28 · this documentGuideline No. 16 - 2023, November 28 (2023-11-28)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (1)
Supersedes
  • Guideline No. 08/23, dated July 19, on the Custody Fee applicable to the Free Reserves…Not in RegAlert · 2023

    “Guideline No. 08/23, dated July 19, on the Custody Fee applicable to the Free Reserves of Commercial Banks deposited at the National Bank of Angola, is hereby revoked.”

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