By means of Order 21/20, of 26 October 2020, the BNA established the terms and conditions that must be observed for the deferral of the recognition of the impairments constituted and registered by Banking Financial Institutions relating to public debt securities of the Republic of Angola, for the purposes of calculating Regulatory Own Funds.

The deferral is only applicable to any adjustments that may be made for the purposes of calculating Regulatory Own Funds, and Institutions may defer the impact of losses due to impairment in the current year of 2020. To do so, they must request authorization from the BNA by 31 December 2020, sending a detailed action plan, quantifying the impacts and describing the measures they intend to take to comply with the Order, including how to cover the Institution's capital shortfalls and the deferral term.

The Order further determines that Institutions may resort to this deferral if, in the immediate recognition of impairments in their entirety, the Regulatory Solvency Ratio is below 10% or above 10%, but at a level low enough to limit the Institution's capacity to finance the economy.

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