The Financial Stability Committee (CEF), in a statement following the assessment meeting of the main systemic risk factors with an impact on financial stability, considers that national banks have adequate levels of capital and liquidity, above the regulatory minimum and adequate to make given the risks inherent to the activity.
"However, the low level of financial intermediation persists, with a focus on the real sector of the economy, exposure to sovereign risk [risk of the State not honoring its commitments], although with a decreasing trend, as well as the concentration of activity in financial institutions of systemic importance", indicates the CEF.
The CEF decided to keep its macroprudential policy instruments unchanged, maintaining a Conservation Reserve (corresponding to an amount of own funds capable of accommodating unanticipated losses) of 2.50 percent for all commercial banks; a Reserve for Domestic Systemically Important Banks (D-SIBs), between 1 percent and 2 percent; and the Countercyclical Reserve (used to protect the banking sector in periods when cyclical systemic risk increases, due to excessive credit growth) at 0 percent.
The next CEF meeting will take place in Luanda on August 30, 2024.
