Legal Insight
Coronavirus Angola: Moratorium on loan repayments
03/04/2020To 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.
