Angola has 15 retail banks at the end of 2006

16 February 2007

Luanda, Angola, 16 Feb – Angola had 15 retail banks at the end of 2006 after three new banks were launched in the fourth quarter, according to information from the Portugal-Angola Chamber of Commerce and Industry (CCIPA).

According to the same information from the CCIPA published Friday, bank loans in Angola represented just 0.5 percent of the country’s Gross Domestic Product (GDP).

Currently just 5 percent of the population uses banking services.

The Angolan financial market includes Banco de Desenvolvimento de Angola (BDA), Banco de Fomento Angola (BFA), Banco Africano de Investimentos (BAI), Banco de Poupança e Crédito (BPC), Banco Internacional de Crédito (BIC), Banco Comercial Angolano (BCA), Banco Regional do Keve (BRK) and Banco de Negócios Internacional (BNI)..

The banking market also has Banco Espírito Santo Angola (BESA), Banco Totta de Angola, Banco Sol, Banco de Comércio e Indústria (BCI), Banco Millennium Angola, Banco Privado Atlântico (BPA) and Novo Banco. (macauhub)