Ver Angola

Banking and Insurance

Banco Sol with 21.8 percent growth in its deposit portfolio in 2021

Mónica Aleixo Pereira, marketing director at Banco Sol, informed that the institution recorded, last year, growth of around 21.8 percent in its deposit portfolio. Among the reasons that justify this growth is the increase in the number of customers.

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According to advanced data, 21.8 percent correspond to 114.6 billion kwanzas of total deposits (639.8 billion).

Cited by Angop, the official also made it known that among the reasons that justify this increase is the growth, in the order of 15 percent, in the number of customers, equivalent to 141,468, totaling 1,097,520 by the end of the past year.

Speaking about the loan portfolio, the official indicated that it also grew by around 4.5 percent and that net assets increased, compared to 2020, by around 13 percent.

According to Angop, until the end of last year, the solvency ratio was 20.78 percent, above the minimum value imposed by the National Bank of Angola.

Mónica Aleixo Pereira classified the results as positive and above seven billion kwanzas. For this year, the official assured that the institution will continue to work on the supported growth of the business, on the presentation of answers focused on electronic banking as well as on the evolution of actions that meet the needs of customers.

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