According to the law, the result of the year, if positive, should be distributed to the Ministry of Finance through dividends of at least 60 per cent.
Net assets stood at 11.04 billion kwanzas, an increase of 56.35 per cent on 31 December 2018.
The report highlights the "challenging economic context" of the previous year, due to trade tensions between the United States and China, as well as the uncertainties surrounding the UK's exit from the European Union and lists a number of measures taken within the scope of monetary and exchange rate policies.
These measures have allowed inflation to maintain its downward trajectory, rising from 18.60 percent in 2018 to 16.90 percent in 2019.
In his initial message, BNA governor José de Lima Massano also noted that the year 2020 "brought a totally unexpected situation at world level," the covid-19 pandemic, which forced countries to implement measures to contain and combat the virus, including the declaration of a state of emergency for the first time, as happened in Angola, leading to a sudden slowdown in economic activity that makes it possible to foresee a scenario of global recession, the size of which has yet to be quantified.
"In response to this framework, the executive and the National Bank of Angola have implemented the measures within their reach to try to mitigate the effects of the crisis on the economy and the population," he stresses, indicating that the BNA will continue to monitor the development of the financial sector and the economy in order to be able to implement the measures that are most appropriate to the current context without losing sight of the fulfilment of long-term objectives.
