Angola - Apply for Banking License

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Procedure

Apply In-Person:

1. To Apply for Banking License, the applicant has to approach National Bank of Angola link
2. An application form will be provided to the applicant by the authorized officer.
3. The applicant has to fill in all the necessary details in the application form (Incomplete application forms are not accepted)
4. Make sure that the applicant has attached all the necessary documents that are mentioned in the “Required Documents” section of this page.
5. The applicant has to attach photocopies of the required documents along with the application form while submitting it.
6. Submit all the documents with the completed form to the concerned officer.
7. The applicant has to pay the prescribed fee as requested by the authority.
8. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
9. An acknowledgment receipt will be provided. Please save it for future reference.
10. Then the application will be processed further. All the updates on the application status will be sent via SMS to the applicant’s mobile number.
11. The BNA will review the application thoroughly. This process includes evaluating the fitness and propriety of the bank's management, directors, and shareholders.
12. The bank's financial stability, business plan, and adherence to legal requirements will also be assessed.
13. The BNA may conduct an on-site inspection of the bank's premises, operations, and systems to ensure they comply with regulatory standards.
14. If the application is successful and meets all the requirements, the BNA will grant the applicant a banking license. This license gives him/her the legal authorization to operate as a bank in Angola.
15. After obtaining the banking license, the applicant will need to continue complying with ongoing regulatory requirements, submit regular reports to the BNA, and adhere to operational and prudential regulations.
16. This entire process can be completed within 2 – 3 weeks or as per the timeline advised by the respective department authority.

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Required Documents

• Rabies vaccination
• Health certificate
• Endorsement
• Pet microchipping certificate
• Rabies titter test certificate
• Tapeworm treatment certificate
• Import license

Office Locations & Contacts

National Bank of Angola
Av. 4 de Fevereiro n.º 151, Luanda, Angola
Telephone: (+244) 222 679200
Email: [email protected]
Mailbox: 1243
Contact link

Eligibility

The applicant can apply for a banking license in Angola if he/she meets the following requirements:

• The applicant must be a legal entity incorporated in Angola.
• The applicant must have a minimum paid-up capital of 7.5 billion kwanzas (around US\$100 million).
• The applicant must have a sound business plan that outlines his/her financial projections and management team.
• The applicant must have a satisfactory track record in the financial services industry.
• The applicant must have the necessary infrastructure and systems in place to operate a bank.

Fees

• The applicant has to pay the prescribed fee as requested by the authority.

Validity

• The banking license is valid for 5 years. The applicant must renew his/her banking license every 5 years.

Documents to Use

Please attach documents that can be used by people. e.g. links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• This entire process can be completed within 2 – 3 weeks or as per the timeline advised by the respective department authority.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
• Applicants must provide genuine information while applying for this procedure.

Required Information

• Name & address
• E-mail address
• Date of birth
• Citizenship
• Age
• Pet health details
• Street
• City
• State
• Telephone

Need for the Document

• A banking license is a permit issued by the Banco Nacional de Angola (BNA), the central bank of Angola, that allows a financial institution to operate as a bank in Angola.

Information which might help

Here are some of the benefits of having a banking license in Angola:

• It allows the applicant to operate a bank legally in Angola.
• It gives the applicant credibility and status as a financial institution.
• It allows the applicant to access government funding and other resources.
• It helps the applicant to attract customers and investors.

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Place some external links which might help.

Others

• If the applicant is planning to start a bank in Angola, it is important to get a banking license. This will ensure that he/she is operating his/her bank legally and that he/she is providing quality financial services to his/her customers.