Luanda - The National Reserve Bank of Angola (BNA) revoked the licenses of two exchange houses and temporarily suspended the activity of another six, due to non-compliance with the Law on the General Regime of Financial Institutions.
These are the exchange houses Bruno Charles and Benguela, both non-banking financial institutions, which had their licenses revoked because they remained inactive for a period of more than six months, ANGOP learned from the BNA website.
As the supervisory body of the financial system, the BNA claims to have the power to revoke the authorization of non-banking financial institutions, whenever any of the grounds provided for in article 105 of the Law on the General Regime for Financial Institutions are verified.
The Central Bank also states that, within the framework of the Law on the General Regime of Financial Institutions, the non-banking financial institutions mentioned above are liquidated in accordance with judicial procedures in general, applicable to commercial companies.
