Aiming to promote financial inclusion and diversification of credits available, the National Bank of Angola (BNA), as the Banking Supervisory Authority, has recently approved a new regulatory package applicable to Microfinance Institutions and Cooperative Credit Companies:

• BNA Order No. 4/23, of 28 June 2023, set forth the requirements and procedures for the establishment of Microfinance Institutions and Cooperative Credit Companies, as well as for the registration of Microcredit Operators.
• BNA Order No. 6/23, of 3 July 2023, established the rules on the activities carried out by Microfinance Institutions, the disclosure of information to which they are subject, and the requirements and procedures for the provision of services by Microcredit Operators.
• BNA Order No. 7/23, of 6 July 2023, determined the rules regarding the activities carried out by Cooperative Credit Companies, as well as the provision of information to which they are subject. This Order revokes BNA Order No. 5/11, of 8 June 2011, BNA Order No. 8/11, of 15 July 2011, BNA Order No.  4/12, of 28 March 2012, and BNA Order No. 9/12, of 2 April 2012.

For more information on this Banking Alert please contact:
[email protected]