Regulatory Alerts1994-07-25
Added · Updated
Instruction No. 10/94: Foreign Bank Branches and Social Capital
The Central Bank Governor of Angola mandates that foreign bank branches must directly record positive exchange revaluation gains into a special reserve account rather than routing them through standard profit accounts. These revaluation gains are strictly prohibited from distribution or allocation and must be exclusively reserved for future capital increases at the branch level. Additionally, all results from applying the revalued exchange position must flow through the designated profits and revaluation differences account while remaining subject to the regulatory limits established in prior directives.
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