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Economy

  • BNA sells EUR 222, 72 million to commercial banks
    Wed, 18 Jul 2018 11:18

    BNA sells EUR 222, 72 million to commercial banks

    Luanda - The National Bank of Angola (BNA) sold at auction on Monday the amount of EUR 222, 72 million in the primary market to cover operations for the regularization of final delays (commodities and services).

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  • Tue, 17 Jul 2018 18:09

    BNA reduces interest rate to 16.5% and mandatory reserves

    Luanda - The National Bank of Angola (BNA) today reduced the interest rate from 18% to 16.5% and also lowered its reserve requirement ratio from 19% to 17%.

  • Fri, 25 May 2018 12:30

    BNA reduces banks' mandatory reserves from 21 to 19%

    Luanda - The National Bank of Angola (BNA) on Friday decided to reduce the mandatory national currency reserves from 21 to 19 per cent, a measure which, among others, increase credit in the economy.

  • Thu, 10 May 2018 14:34

    Moodys assigns B3 to Angola's Banco Económico

    Luanda - Angola?s Banco Económico was assigned B3 by Moodys for local currency deposit ratings becoming the second Angolan commercial bank to receive this classification alongside the African Investment Bank (BAI).

  • Wed, 18 Apr 2018 18:18

    WB urges implementation of tax reform in Angola

    Luanda - World Bank Chief Economist Punam Chuhan-Pole on Wednesday urged the implementation of tax reform in Angola in order to deal with the current context and contribute to the economic growth of the country.

  • Tue, 27 Mar 2018 11:54

    Central Bank trains staffs in financial education in Humpata

    Humpata - The Angolan Central Bank (BNA) last Monday in Humpata Municipality, southern Huila Province, promoted a lecture on “Financial Education”, whose main guests were public servants and members of the civil society.

  • Tue, 06 Mar 2018 18:30

    Report highlights growth and innovation in African retail banking

    Luanda - Retail banking in Africa is the fastest growing and most innovative and African banking markets are among the most interesting in the world, according to a new McKinsey Global Banking report.

  • Mon, 05 Mar 2018 17:20

    Angolan Development Bank assesses USD 500 million projects

    Luanda - The Angolan Development Bank (BDA) is conducting assessment visits to several projects financed all over the country going from 5 to 8 March, says a press note that reached Angop on Sunday.

  • Fri, 02 Mar 2018 10:31

    Central Bank keeps interest rate at 18 per cent

    Luanda - The Angolan Central Bank (BNA) last Wednesday decided to keep, for the third consecutive month, the basic interest rate at 18 per cent per year, after analysing the main macroeconomic indicators, such as the inflation rate.