Banking and Insurance
Highlights
Gross credit to the non-financial sector grew 22 percent in April
Gross credit to the non-financial sector grew 22 percent in April, compared to the same period in 2024, reaching 7.8 trillion kwanzas, the National Bank of Angola (BNA) announced this Friday.
VTB Africa Bank closed in Angola by decision of shareholders
VTB África S.A., by decision of the shareholders of this bank of Russian origin, was closed and is no longer part of the commercial banks operating in Angola, the governor of the central bank announced this Wednesday.
BNA changes rules for granting credit to those holding important positions
The National Bank of Angola has approved new rules for granting credit to holders of relevant management roles or positions, to prevent conflicts of interest, reducing credit exposure limits to 15 percent of equity.
