Ver Angola

Banking and Insurance

Gross credit to the non-financial sector increased by 31.9 percent in April

Gross credit to the Angolan non-financial sector reached 6.4 billion kwanzas in April, increasing around 31.9% compared to the same period last year, announced the central bank.

: Maianga

The National Bank of Angola (BNA) indicates in the statistical information note on credit, released this Monday, that in April credit to the non-financial sector increased by 1.6 billion kwanzas compared to the same period last year, with 89.2 percent represented debt from the private sector and the remainder from the public sector.

The stock of credit to the economy, in national currency, reached 4.7 billion kwanzas in April, having registered an increase of 153.2 billion kwanzas in the first four months of 2024.

The debt of the non-financial public sector totaled 696.01 billion kwanzas in this period, referring to public administration and 46.04 percent to public companies.

In this note, the BNA also highlights that private sector debt (private companies and individuals) increased by 1.27 billion kwanzas, reaching 5.51 billion kwanzas in April.

In the month under review, gross credit directed to the real sector of the economy totaled 1.31 billion kwanzas, an increase of 407.78 billion kwanzas (45.30 percent) in relation to the previous period, driven mainly by the subsector of manufacturing industry.


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