Half of the Angolan population has access to banking services

17 January 2014

The “Bankita” programme in the last two years has helped increase access by the Angolan population to banking services as around 50 percent of the population now has access, according to Angolan news agency Angop.

In a statement, the Angolan National Bank (BNA) said that last December four Angolan banks joined the Financial Education Programme – Privado Atlântico (BPA), Caixa Geral Totta de Angola (BCGTA), Millennium Angola (BMA) and Banco Angolano de Negócios e Comércio (BANC).

These four banks joined nine other retail banks that had previously joined the programme – Banco de Poupança e Crédito (BPC), Banco de Comércio e Indústria (BCI), Banco Comercial Angolano (BCA), Banco de Fomento Angola(BFA), BIC, Banco Regional do Keve (BKEVE), Banco de Negócios Internacional (BNI), Banco SOL e and BAI Microfinanças (BMF).

According to the central bank the development and execution of the Financial Education Programme in Angola is intended to promote educated access by the population to the financial system, in order to improve the efficiency and stability of the country’s financial markets.

The “Bankita” deposit is a direct access deposit account that can be opened with a minimum investment of 100 kwanzas, valid ID and a photograph of the depositor. (macauhub)