The list of 11 banks that are relevant over others draws attention as it includes Banco Económico. BIC, BFA and BAI required to reserve 2% from January
The National Bank of Angola (BNA) defined the obligation to increase the reserve from 1% to 4% for banks of domestic systemic importance (DSIB), according to a document called “Reserve for banks of domestic systemic importance”. The banks BFA, BAI and BIC are those that have the largest reserve obligation, in the order of 2% until January 2024, while BPC and Millenium Atlântico must have a reserve of 1.50% until June 2024, as indicated in the Bank document National of Angola (BNA).
This reserve, indicates the regulator, must be made up of own funds and in part by the total amount of risk-weighted assets (RWA), in accordance with the identification criteria defined in the methodological note on Identification and Calibration and Application of DSIB Reserves. A reserve that has relevant contours of importance, since, explains the regulator, it aims to capitalize systemic banks taking into account their size, importance for the Angolan economy, as well as the complexity and degree of interconnection with other institutions in the sector national finance. Although it does not define times here, as explained by the regulator, in the case of insolvency, this reserve avoids the potential contagion of these institutions to the rest of the financial and non-financial systems.
The BNA identified 11 banks with domestic systemic importance, namely BAI, BFA, BIC, BPC, BCI, and BNI. To this list are added the banks Millenium Atlântico, Económico, Standard Bank, Banco Sol, Banco Keve. In this list, Banco Económico stands out, the one that has not presented accounts for some time, which is in a situation of revitalization, in need of capital and which, according to sector data, might even have already been closed by the regulator. pain, was not so great, that is, systemic.
