Ver Angola

Banking and Insurance

BNA has already spent almost 80 percent of the 'plafond' to help national companies

The National Bank of Angola (BNA) has already disbursed almost 80 billion kwanzas to buy public debt securities from Angolan banks in an attempt to inject liquidity into companies in difficulty due to the covid-19 pandemic.

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"The National Bank of Angola carried out until 3 July of this year 123 operations to buy Treasury Bonds on BODIVA's trading platform, relating to the purchase of securities from 72 companies, having disbursed a total of 79.3 billion kwanzas," around 121 million euros, a note posted this Monday on the BNA's website.

The operations, carried out with 13 banks, were led by Banco Angolano de Investimentos (BAI) and Banco de Fomento Angola (BFA), with 15 and 14 companies respectively, representing the majority of the operations, with an amount of 41.9 billion kwanzas.

Of the total of 100 billion kwanzas approved within the scope of this liquidity line, which aims to provide companies with cash resources, just over 20 billion kwanzas remain.

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