Angola’s central bank (BNA) has sanctioned three commercial banks for violating consumer protection rights and financial regulations.
Banco Millennium Atlantico, Banco Angolano de Investimentos (BAI) and Banco Keve will pay a total of 126 million Angolan kwanzas ($152,250) in fines.
Banco Millennium Atlantico, which was fined 56 million kwanzas ($67,670), violated interbank transfer rules.
BAI, on the other hand, failed to comply with regulatory deadline for interbank transfers, and was fined 40 million kwanzas ($48,330).
Banco Keve failed to abide by special registration rules. It was fined 30 million kwanzas ($36,250).
Angola’s central bank, which revealed the sanction details on its website on Thursday, warned other commercial banks against contravening financial regulations.
