Notice No. 3/GBM/2025, of April 9 – Exceptional Regime for Minimum Regulatory Provisions

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436	SERIES I — NUMBER 67

Article 3

(Definitions)

For the purposes of this Notice, the following shall be understood as:

a) petroleum products - derivatives and residues from the refining or processing of petroleum, such as: propane, butane and their mixtures, also known as liquefied petroleum gases (LPG), motor gasoline, aviation gasoline, naphtha, kerosene, jet fuel, diesel oil, fuel oils, lubricating oils and greases, paraffins, solvents, bituminous products, and any other analogous products with different designations and origins that may serve the same purpose, including synthetic products, as well as compressed natural gas (CNG) and other gaseous fuels intended exclusively for use as fuel, excluding pure biofuels; and

b) re-exportation - the sale abroad of petroleum products in the same physical state in which they were previously imported or acquired from local production to supply the domestic market.

Article 4

(Payments related to the re-exportation of petroleum products)

Payments related to the re-exportation of petroleum products must not be made using foreign currency sales through the national banking system.

Article 5

(Repatriation and conversion of re-exportation revenues from petroleum products)

1. Entities engaged in the re-exportation of petroleum products are required to repatriate their re-export revenues via bank transfer within 30 days, counted from the date of shipment.

2. Re-export revenues from petroleum products must be converted by the intermediary bank into national currency and in full amount of the received re-export value.

3. The conversion referred to in the preceding paragraph must be carried out upon receipt, at the spot exchange rate.

Article 6

(Sanctions regime)

Violation of the provisions set forth in this Notice constitutes an administrative offense punishable under Law No. 28/2022, of December 29.

Article 7

(Revocation)

Notice No. 2/GBM/2023, of June 16, is hereby revoked.

Article 8

(Entry into force)

This Notice enters into force on the date of its publication.

Article 9

(Clarification of doubts)

Doubts regarding the interpretation and application of this Notice must be submitted to the Licensing and Foreign Exchange Control Department of the Bank of Mozambique.

Bank of Mozambique, in Maputo, April 2, 2025. — The Governor, Rogério Lucas Zandamela.

Notice No. 3/GBM/2025

of April 9

Given the need to establish an exceptional and transitional prudential regime, aimed at minimizing the effects of the current socio-economic scenario, the Bank of Mozambique, exercising the competence conferred upon it by Article 85 of Law No. 20/2020, of December 31, the Law on Credit Institutions and Financial Companies, determines:

Article 1

(Object)

This Notice establishes the exceptional regime regarding the minimum percentages for provisions for non-performing loans, approved by Notice No. 16/GBM/2013, of December 31.

Article 2

(Scope)

1. This Notice applies to all credit institutions and financial companies subject to the supervision of the Bank of Mozambique.

2. The institutions referred to in the preceding paragraph that, pursuant to Article 3 of Notice No. 4/GBM/2007, of May 2, do not present their financial statements in accordance with the International Financial Reporting Standards (IFRS), shall also apply the provisions of this Notice with the necessary adaptations.

Article 3

(Exceptional regime for minimum percentages of provisions for non-performing loans)

For the purpose of calculating the minimum regulatory provisions for non-performing loans, referred to in paragraph 1 of Article 10 of Notice No. 16/GBM/2013, of December 31, the following minimum percentages shall exceptionally apply:

Description	Risk Class
	I	II	III	IV	V
With 1st Mortgage on Borrower's Residence	1,00	2,50	10,00	37,50	100,00
Real Estate Finance Lease Contracts	1,00	2,50	10,00	37,50	100,00
With 1st Mortgage on Borrower's Commercial Building	2,50	5,00	17,50	45,00	100,00
With Other Guarantees	2,50	7,50	20,00	56,25	100,00
Without Guarantee	2,50	7,50	25,00	63,75	100,00

APRIL 9, 2025	437

Article 4

(Duration of the exceptional regime)

The exceptional regime set forth in the preceding article shall remain in force for a period of twelve months, counted from the date this Notice enters into force.

Article 5

(Sanctions regime)

Failure to comply with the provisions of this Notice constitutes an administrative offense punishable under Law No. 20/2020, of December 31.

Article 6

(Entry into force)

This Notice enters into force on the date of its publication.

Article 7

(Clarification of doubts)

Doubts regarding the interpretation and application of this Notice must be submitted to the Prudential Supervision Department of the Bank of Mozambique.

Bank of Mozambique, in Maputo, April 2, 2025. — The Governor, Rogério Lucas Zandamela.