Regulatory Alerts2024-12-20
Added · Updated
Notice No. 08/2024 on Operating Rules and Prudential Requirements for Microfinance Financial Institutions
The National Bank of Angola issued Notice No. 08/2024 to establish comprehensive operating rules and prudential requirements for Microfinance Financial Institutions. The regulation mandates a minimum Regulatory Solvency Ratio of 12 percent and a leverage ratio of 3 percent, while capping individual deposit-taking and credit granting at Kz 10 million and corporate limits at Kz 20 million. It further standardizes capital composition, risk governance, liquidity management, and corporate reporting to ensure financial stability and promote inclusive economic growth across Angola.