Assets of banks operating in Angola rise 12 pct in 2013

29 September 2014

The value of assets of banks operating in Angola in 2013 stood at 6,621 billion kwanza (US$67 billion), an increase of 12 percent compared to 2012, according to a study by auditing and consulting firm Deloitte.

According to the study presented by Deloitte Friday in Luanda, which was the result of compilation of public information disclosed by banks operating in the market and by the National Bank of Angola, the relative position between banks remained unchanged.

By assets the list is led by Banco Angolano de Investimento (BAI) with 15.7 percent of the total, followed by Banco de Poupança e Crédito (14.9 percent) and Banco de Fomento Angola (13.1 percent).

The analysis noted an increase in the weight of the smaller banks, which confirms the downward concentration trend recorded in 2009, according to the study cited by Angolan news agency Angop.

In terms of electronic means of payment, the document said they continued to grow in the Angolan market, and the number of credit and debit cards increased by 37 percent in 2013, as did valid cards that recorded growth of 19 percent.

With regard to the automatic terminal network, the number of automatic teller machines (ATMs) and Automatic Payment Terminals (TPA) grew by 11 percent and 35 percent to 2,234 and 31,716 units, respectively.

Banking under Analysis is a study of the Angolan financial system that Deloitte has conducted since 2006 and it compares the banks by size, profitability and efficiency, combining global economic studies and interviews with key players. (macauhub/AO)