Instruction No. 10/91 on Banking Supervision of Financial Investments and Overdue Loans — BNA — AO

INSTRUCTION NO. 10/91
SUBJECT: -BANKING SUPERVISION
.Financial Investments

Overdue Loans
With a view to carrying out consistent and systematic monitoring of credit operations conducted by financial institutions; Based on the provisions of Law No. 5/91 of April 20, particularly Articles 34 and 35, and in the exercise of the authority conferred upon me by the Organic Law of the National Bank of Angola. I DETERMINE:
1 - Financial institutions authorized to operate within the national territory must obligatorily record in account "28 -CREDITS, SECURITIES AND DUE INTEREST" all credit operations, whether fully or partially, not settled within 30 days after the respective due date. 2 - Quarterly, by the 15th day of the month following the period in question, financial institutions authorized to operate within the national territory must submit to the Banking Supervision Directorate of the National Bank of Angola, statement reports of the balances of that account, breaking down the values by State-Owned Enterprises, Mixed Enterprises, Private Enterprises, Individuals and Others. 3 - This Instruction takes immediate effect, so the first reports to be submitted must cover the period ending on December 31, 1991. Luanda, December 17, 1991 THE GOVERNOR FERNANDO ALBERTO DA GRAÇA TEIXEIRA

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The links and the sentences they come from (2)

Issued under

Law No. 5 dated 1991-04-20Not in RegAlert
“Based on the provisions of Law No. 5/91 of April 20, particularly Articles 34 and 35”

Basis for

Directive No. 1/DSB/92: Financial Applications - Overdue Credit1992 · BNA
“For the purposes of paragraph 2 of Instruction No. 10/91 of December 17, authorized financial institutions operating in the country shall quarterly submit...”