The National Bank of Angola (BNA) has identified several key financial institutions that include Banco de Fomento Angola (BFA), Banco Angolano de Investimentos (BAI), Banco Millennium Atlântico (BMA), Banco BIC, Standard Bank Angola (SBA), and Banco de Poupança e Crédito.
According to the central bank, starting January 2026, BFA and BAI will be required to establish mandatory reserves of 2%, while BMA, Banco BIC, SBA, and BPC will maintain reserves of 1.5%, all constituted by their own funds.
This reserve is intended to bolster banks of systemic importance, taking into account their size, consumer exposure, significance to the Angolan economy, complexity, and the degree of interconnection with other national financial sector institutions. In the event of insolvency, it aims to mitigate the potential contagion risk these institutions pose to the broader financial and non-financial systems, the statement notes.
The reserve for systematically important banks “must be constituted by core own funds and be applicable on an individual, subconsolidated or consolidated basis.”
The regulator further highlights that domestically significant financial institutions, designated in November 2024 but not included in the specified list, “must maintain compliance with the respective capital reserve only until December 31, 2025.”
