Regulatory Alerts2024-12-20
Added · Updated
Operational Rules and Prudential Requirements for Microfinance Financial Institutions (Notice No. 08/2024 of December 20)
Notice No. 08/2024 establishes operational rules and prudential requirements for Microfinance Financial Institutions in Angola, including deposit and credit limits of Kz 10 million for individuals and Kz 20 million for legal entities. It mandates a minimum Regulatory Solvency Ratio of 12% and a minimum Leverage Ratio of 3%, while defining the composition of Tier 1 and Tier 2 own funds. The regulation further imposes obligations on liquidity risk management, interest rate risk in the banking book, large exposure limits, corporate governance, and comprehensive risk management strategies.
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