Notice No. 06/2025 of 18 December on Minimum Share Capital for Banking Financial Institutions

PUBLISHED IN THE OFFICIAL GAZETTE, FIRST SERIES, NO. 238 OF 18 DECEMBER NOTICE NO. 06/2025 SUBJECT: FINANCIAL SYSTEM − Minimum Share Capital of Banking Financial Institutions

Whereas it is necessary to update the minimum amount of share capital for Banking Financial Institutions subject to the supervision of the National Bank of Angola. Pursuant to the combined provisions of paragraph 1 of Article 163 of Law No. 14/21, dated 19 May, the General Regime for Financial Institutions, and as provided in paragraph (d) of paragraph 1 of Article 31 and paragraph 1 of Article 98, both of Law No. 24/21, dated 18 October, the National Bank of Angola Law. I HEREBY DETERMINE:

Article 1. (Subject Matter)
This Notice establishes the minimum share capital of Banking Financial Institutions.

Article 2. (Scope)
This Notice applies to the Banking Financial Institutions set forth in paragraph 2 of Article 7 of Law No. 14/21, dated 19 May, the General Regime for Financial Institutions, namely:
a) Commercial Banks; and, b) Development Banks.

CONTINUATION OF NOTICE NO. 06/2025 Page 2 of 3

Article 3. (Share Capital)
The Banking Financial Institutions referred to in the preceding article must have their fully paid-up share capital at a minimum amount of:
a) For Commercial Banks - Kz 25,000.00 (twenty-five billion kwanzas); and, b) For Development Banks - Kz 50,000.00 (fifty billion kwanzas).

Article 4. (Capital Realization)
For the purposes of paragraph 6 of Article 163 of Law No. 14/21, dated 19 May, the General Regime for Financial Institutions, on the date of incorporation, share capital subscribed with securities issued by the National Treasury or the National Bank of Angola may only be realized through securities whose remaining maturity does not exceed 12 (twelve) months.

Article 5. (Capital Increase)

1. For the purposes of paragraph 7 of Article 163 of Law No. 14/21, dated 19 May, the General Regime for Financial Institutions, Banking Financial Institutions may increase their share capital through the following options:
   a) Incorporation of free reserves or current year results, provided they are audited; and/or b) New cash contributions.
2. Banking Financial Institutions that are unable to meet the minimum share capital requirements set forth in the preceding paragraph must consider other alternatives, including merger or transfer of their activities to one or more Banking Financial Institutions authorized to carry out the relevant activity.

CONTINUATION OF NOTICE NO. 06/2025 Page 3 of 3

Article 6. (Transitional Provision)
Banking Financial Institutions authorized to carry out their activities, whose fully paid-up share capital is below the minimum established in this Notice, must comply by June 2028.

Article 7. (Infringements)
Non-compliance with the provisions of this Notice constitutes an offense provided for and punishable under Law No. 14/21, dated 19 May, the General Regime for Financial Institutions.

Article 8. (Doubts and Omissions)
Doubts and omissions arising from the interpretation and application of this Notice shall be resolved by the National Bank of Angola.

Article 9. (Repealing Provision)
All regulations contrary to the provisions of this Notice are hereby repealed, notably Notice No. 03/24, dated 9 December, on Minimum Share Capital of Banking Financial Institutions.

Article 10. (Entry into Force)
This Notice enters into force on the day following its publication.

PUBLISHED.
Luanda, 10 December 2025.
THE GOVERNOR
MANUEL ANTÓNIO TIAGO DIAS