The National Bank of Angola’s Order No. 17/22, of 7 October 2022, which entered into force on the following day, updated the Financial Banking Institutions minimum share capital amount, which is now Kz 15,000,000,000 (fifteen billion Kwanzas), instead of  Kz 7,500,000,000 (seven billion and five hundred million Kwanzas). Financial Banking Institutions have a 12-month deadline to comply with the new minimum share capital requirement.

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