Regulatory Alerts2012-03-30
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Notice No. 07/2012, dated March 30
The National Bank of Angola issued Notice No. 07/2012 to regulate the fixed asset limit for supervised financial institutions, capping total net investments in real estate and permanent assets at 100% of Regulatory Own Funds. Institutions exceeding this limit face branch expansion restrictions and other regulatory measures, while those in non-compliance must submit a regularization plan within 30 days and execute it within six months. The Notice immediately supersedes prior regulations, including Notice No. 07/2007, and enforces existing Financial Institutions Act sanctions for non-compliance.
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