Banking and Insurance
Highlights
BAI elected ‘Best Bank in Angola in 2024’ by English magazine
The English magazine Euromoney elected Banco Angolano de Investimentos (BAI) as the ‘Best Bank in Angola in 2024’ and as the ‘Best Bank in Corporate Social Responsibility in 2024’.
Credit to the non-financial sector reached 6.7 billion kwanzas in June
Gross credit to the non-financial sector increased by 16.3 percent in June, reaching 6.7 billion kwanzas. The largest share (88.4 percent) corresponds to the debt of the private sector, companies and individuals, according to the central bank.
Microfinance financial institutions prohibited from carrying out foreign exchange operations
The National Bank of Angola (BNA) prohibited Microfinance Financial Institutions (IFM) from carrying out foreign exchange operations, and they must only collect deposits and grant credits for small amounts, according to a presidential decree...
