Ver Angola

Banking and Insurance

VTB Bank with the cheapest dollar selling rate

The VTB bank is the operator with the cheapest sale rate for the North American currency, when selling, this Monday, each dollar at 457.779 kwanzas.


The amount charged by VTB bank is around 12 percent below the market average (based on 22 commercial banks), which stands at 513,775 kwanzas.

The list of institutions that sold foreign currency at below-average rates also includes Banco Angolano de Investimento (BAI), Banco de Poupança e Crédito (BPC), Standard Chartered and Bank of China.

According to the control table of the National Bank of Angola (BNA), cited by Jornal de Angola, BAI presented a price of 509,787 kwanzas, BPC had a value of 510,708 kwanzas, while Standard Chartered and the Bank of China had a price of 512,412 and 513,060 kwanzas, respectively.

Conversely, the banks Crédito do Sul, Finibanco, Banco Fomento Angola (BFA), Keve and Económico were the ones that recorded the highest selling rates on Monday: Crédito do Sul sold the dollar at 520,060 kwanzas, the Finibanco rate was 520,000 kwanzas, BFA sold at 519,565 kwanzas, Keve charged a fee of 519,555 kwanzas and Económico selling the dollar at 519,307 kwanzas.

According to the figures cited by Jornal de Angola, there are also 12 other banks selling US currency between 518,613 kwanzas and 514,463 kwanzas.

With regard to the currency of Europe, the bank that registered the cheapest sale rate was BPC, which sold the euro at 516,8360 kwanzas, while Banco Económico was the one that sold the euro at a higher value, at 551,3030 kwanzas.

The average value of the sale of the euro was fixed at 539,1882 kwanzas, writes Jornal de Angola.

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