Luanda: The Financial Stability Committee (CEF) of the National Bank of Angola recommended, on Tuesday, that commercial banks continue with prudent capital and liquidity management policies, to mitigate the risks to which they are exposed. The recommendation arises from the increased level of exposure of the banking sector to the State, given the uncertainties of the international situation, according to a statement from the 55th CEF meeting, which took place today.
According to Angola Press News Agency, during the meeting, the Central Bank decided to maintain the Capital Conservation Reserve at 2.50%, as well as the Countercyclical Capital Reserve at 0%, applicable to all Banking Financial Institutions. The bank also decided to maintain the Reserve for Domestic Systemically Important Banks (D-SIBs), between 1% and 2%, applicable to eligible banking financial institutions, until December 31, 2026.
During the first quarter of this year, according to the BNA, the banking sector demonstrated resilience to the risks inherent to its activity, evidenced by adequate levels of capital and liquidity. The next CEF meeting will take place on August 28th.
