Five banks dominate Angola’s banking sector in 2011

28 September 2012

Five banks, of a total 20 operating in Angola, in 2011 controlled over three quarters of the domestic market in terms of deposits and loans provided, according to the Annual Report and Accounts of the Banco Angolano de Investimentos (BAI) bank, issued Thursday in Luanda.

Cited by Angolan news agency Angop, the report said that the five banks were BAI itself, Banco de Fomento Angola (BFA), Banco de Poupança e Crédito (BPC), Banco Espírito Santo Angola (BESA), and Banco BIC, which altogether accounted for 76 percent of deposits and credit within the market.

The 2011 Annual Report added that of the five banks BAI had the biggest market share, with 20 percent.

The next in line were BESA with 18 percent, BPC (16 percent), BFA (16 percent), and BIC (12 percent), with other banks accounting for 24 percent. (macauhub)