Legal Insight

Coronavirus Angola: Moratorium on loan repayments

03/04/2020
To mitigate the consequences of the COVID-19 pandemic, the National Bank of Angola has approved Instruction no. 4/2020 of 30 March 2020, which establishes a set of economic measures aimed at protecting borrowers in their credit obligations.
 
Financial institutions that carry out credit operations must allow their clients a 60-day moratorium on capital and interest repayments.
Practice Areas:
Banking and Finance
Desks:
Angola Desk

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