Regulatory Alerts2022-10-20
Added · Updated
Instruction No. 12/2022 of 19 October on Prudential Limits for Large Exposures and Holdings in Non-Financial Enterprises
The Banco Nacional de Angola establishes prudential limits for large exposures, capping single counterparty risk at 25% of Tier 1 capital (reduced to 10% for qualified participations) and the top 20 exposures at 300%, while limiting holdings in non-financial enterprises to 15% per entity and 40% globally. The instruction mandates specific calculation methodologies, reporting obligations starting in November 2022, and transitional compliance dates for foreign currency exposures by January 2024, revoking previous guidelines.
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