Angola | 2018.09.06
DEPOSIT GUARANTEE FUND CREATED

Through Presidential Decree No. 195/18, of 22 August 2018, the Deposit Guarantee Fund (“DGF”) was created and its Regulations were approved. The DGF aims to secure the reimbursement of deposits held with banking institutions domiciled in Angola up to the amount of AOA 12,500,000.00. These institutions are required to contribute to the DGF, pursuant to the terms to be set forth by a Notice of the National Bank of Angola and following an opinion from the DGF.
 

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