The following instructions have recently been issued by the National Bank of
Angola (“BNA”):

Large Exposures and Holdings in Non-Financial Companies by Banking Financial Institutions

Instruction No. 06/23, of 14 July 2023, issued by the BNA, establishes the limits on large exposures and the participation of Banking Financial Institutions in the capital of Non-Financial Companies, in accordance with the provisions of BNA Order No. 08/21, of 5 July 2021, on prudential requirements.
 
Rules for the Calculation of Capital Requirements for Credit Risk and Counterparty Credit Risk and Provision of Periodic Information

Instruction No. 07/23 of 14 July 2023, issued by the BNA, regulates the technical specifics concerning the regulatory capital requirement for credit risk and counterparty credit risk, as well as the provision of periodic information, in accordance with the provisions of BNA Order No. 08/21, of 5 July 2021, on prudential requirements.
 
Custody Fee Applicable to Free Reserves Deposited at the National Bank of Angola

Instruction No. 08/23, of 19 July 2023, issued by the BNA, establishes the Custody Fee corresponding to 0.1% per day, applicable to the free reserves of Banking Financial Institutions domiciled at BNA. Two levels of free reserves are provided, depending on the respective amounts, with the first level being exempt from custody fees, and the second level subject to custody fees on the balance of excess reserves beyond the amount established in the first level.
 
Operating Rules for the Account Database

Instruction No. 09/23, 25 July 2023, issued by the BNA, establishes the operating rules, access and information sharing of the Account Database (BDC), as established in BNA Order No. 08/2023, 17 July 2023, on the Account Database.

It should be noted that the information to be reported, according to this Instruction, includes:

a- the Registry of Bank Accounts;

b- the Registry of Electronic Money Accounts;

c- statistical information regarding Electronic Money Accounts;

d- reporting of Bank Agents;

e- reporting of Bank Agent Clients;

f- reporting on Payment Agents; and

g- reporting of Payment Agent Clients.

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