In the same period, according to the sanctioning activity report for the fourth quarter of 2020, fines totaling 13.3 billion kwanzas were imposed on seven non-bank financial institutions, all paid voluntarily.
In the period between 1 October and 31 December 2020, 125 sanctioning cases were assessed, of which 96 against bank and 29 non-bank financial institutions, the regulator indicates in a statement posted on its website.
Of the 125 cases, 36 were closed, of which 29 related to banks and seven against non-bank institutions, with the remaining 89 cases being considered for defense arguments.
The lawsuits against banks refer to defaults in foreign exchange, financial and prudential conduct.
Of the 29 cases against banks, seven culminated in financial penalties, of which two fines were imposed coercively, 10 were filed and in another seven cases the arguments presented by the institutions were accepted, with five admonitions being recorded.
