Ver Angola

Banking and Insurance

Highlights

Banking and Insurance

Lack of energy, network and illiteracy difficult the expansion of banking services in the country

Those responsible for the banking sector in Angola stated, this Thursday, that the lack of energy, mobile network coverage and financial illiteracy are the main obstacles to the expansion of banking services in the country.

Banking and Insurance

National Bank of Angola maintains macroprudential policy instruments unchanged

The National Bank of Angola announced, this Thursday, that it decided to keep macroprudential policy instruments unchanged, maintaining a reserve between 1 percent and 2 percent applicable to the 11 systemically important commercial banks.

Banking and Insurance

Delays in transferring salaries penalize Portuguese people in Angola

Delays in salary transfers and payment difficulties due to the lack of currency harm Portuguese businesspeople and workers in Angola, who complain about the constraints and impact on business, even admitting to returning to Portugal.

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