Ver Angola

Economy

BNA provides up to 100 billion kwanzas to buy public securities from companies

The Monetary Policy Committee of the National Bank of Angola (BNA) decided to establish a liquidity line with a maximum value of 100 billion kwanzas, for the acquisition of public securities held by non-financial companies.

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According to BNA governor José de Lima Massano, a global facility of up to 100 billion kwanzas has been created, made available by the National Bank of Angola, so that companies outside the financial area that have public securities in their assets can discount them from commercial banks.

"In a facility of up to 100 billion kwanzas granted by the National Bank of Angola, some companies, either by choice of investment in the past or by settling public debts, for example, have received public securities and may at this time have an interest in disposing of those public securities competitively in order to have access to liquidity," he explained.

José de Lima Massano stressed that the decision allows "these securities to be discounted and these companies to have access to liquidity without necessarily having to make sharp discounts on the securities they have in their portfolio".

"Therefore, it is also another facility that we place at the disposal of the economy, at the disposal of our companies, especially those linked to the productive sector, so that the economic cycle does not suffer greatly from the current context," said the governor of the BNA.

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