Banco de Fomento Angola leads deals in the Secondary Public Debt Market

23 January 2018

Angolan bank Banco de Fomento Angola in 2017 and for the third consecutive year, was the bank that traded most on the Secondary Public Debt Market of the Angola Debt and Securities Exchange with a value of 194.7 billion kwanzas and 1,243 trades, according to a report for last year.

This bank was the first agent licensed by the Capital Markets Commission and the first authorised to operate in the regulated markets of the Angola Debt and Securities Exchange, Angolan news agency Angop said, citing the report released by the Exchange.

Standard Bank Angola came in second place by trade value, totalling 170.5 billion kwanzas, after placing fourth in 2015, and was third by the number of trades carried out, with 196, after Banco de Investimento de Angola, which made 320 deals and was ranked third by value.

Overall, the amount traded in 2017 increased by 43.5% to 525.1 billion kwanzas, compared to 365.9 billion kwanzas in 2016, with 1685 deals taking place, a drop of 17% over 2,039 deals in 2016.

The Angola Debt and Stock Exchange (BODIVA) is responsible for ensuring the transparency, efficiency, and security of transactions in regulated securities markets, encouraging the participation of small investors and competition among all operators in the Angolan market. (macauhub)