On the other hand, Angolan banking assets increased 11 percent last year to 14.102 billion kwanzas, contrasting with the 10 percent drop in credit granted compared to 2018.
The Banca em Análise study, presented this Thursday in Luanda, which covered 26 financial institutions, said that among the five biggest banks operating in Angola the Angolan Investment Bank (BAI) led with total assets of 2.641 billion kwanzas, followed by Banco de Fomento Angola (BFA), Banco de Poupança e Crédito (BPC), BIC and Atlântico.
The five largest banks accounted for around 72.4 percent of total Angolan banking assets and registered an increase of 23 percent over the previous year.
Total net credit amounted to 2.648 billion kwanzas, which means a 10 percent reduction compared to 2018.
BIC, BAI, Atlântico, BFA and Sol led the way in granting credit, indicates the Deloitte study.
The ratio of overdue credit registered an increase of 38.2 per cent in 2019 (33.1 per cent in 2018) "heavily impacted by BPC", the document stresses.
The Angolan public bank posted record losses last year and has a restructuring plan underway, to be implemented over the next three years, and foresees that 880.1 billion kwanzas will be needed to capitalise the bank in 2020.
According to the Deloitte study, already in its 14th edition, the total value of customer deposits in the banking sector was 9.796 billion kwanzas, which represents a growth of 25 per cent compared to 2018, with BAI leading the volume of deposits collected, followed by BFA, BPC, ATLANTICO and BIC.
