According to the official, this percentage corresponds to approximately 14.12 percent of the non-oil Gross Domestic Product (GDP), accounting for 17 percent of commercial banking assets.
José de Lima Massano addressed the matter this Tuesday, in Luanda, during the opening of the first edition of the workshop "Companies and the securities market", which will run until next Thursday. The head of the central bank said that credit granting has been gradually resumed.
With regard to bonds and securities, he added that they represent a weight of 33.63 percent, being the most significant item in banking assets, but represented exclusively by issues of the National Treasury.
In this way, he added that the need to promote other sources of financing for the private sector was essential: "The expansion of financing sources, the diversification of risk and the reduction of intermediation costs, boosted by direct financing, are factors of competitiveness that contribute to economic growth," said the governor, quoted by Angop.
Massano also said that the real estate securities market will only be able to respond to the financing needs of companies, if investors are able to have a liquid, transparent and efficient secondary market.
"With the regulatory framework, supervision and inspection, as well as physical and technological infrastructure for trading and settlement of transactions, it is now necessary to attract companies issuing securities to capitalize the market and investors," he added.
The governor also said that he hopes that the privatization process underway will send some companies to the stock exchange, which may attract national and foreign investors.
Lending grows more than eight percent in the last year
The data was put forward by José de Lima Massano, governor of the National Bank of Angola (BNA): the credit concession in the country grew by around 8.4 percent in the last 12 months.
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