Luanda - The Angolan Central Bank (BNA) is consolidating the exchange rate policy process in Angola, aiming at a greater organization, efficiency and fight against corruption schemes on the operational procedures, affirmed last Tuesday the BNA governor, Jose de Lima Massano.
The National Reserve Bank of Angola (BNA) has clarified that the settlement of a letter of credit in favour of an exporter requires the debit from the importer’s account to be made in national currency (Kwanza, AKZ), through the exchange rate of sale of the foreign currency in the commercial bank on the settlement date.
Luanda - Angola's National Bank (BNA) updated the legislation on the granting of subsidised credit to the real economy, by directing commercial banks to increase the minimum amount that must be granted by the end of 2020, that is, 2% of their net assets to 2.5%, to accelerate the diversification of domestic production.
Luanda - The Angolan Central Bank (BNA) initiated, in the second half of last year, 490 penalization processes that ended up in more than 421 million Kwanzas in fines.
Luanda - The BPC - Banco de Poupança e Credito (Savings and Credit Bank), whose level of necessity for recapitalization is of about 1.08 billion kwanzas, will benefit, one more time, from a ''Public Capital injection'', but this time with treasury securities from the public company RECREDIT.
Huambo - Projects of eight livestock companies operating in the province of Huambo are under analysis by Banco BAI, within the scope of the Credit Support Project (PAC), which aims to provide financing to foster national production.
Luanda - Banco Angolano de Investimentos (BAI) Tuesday, in Luanda, reported that a criminal proceeding is being opened to investigate the circumstances of the leakage of information from a supposed bank account from a client.
Luanda - A total of 23,000 bank customers out of the overall 12 million bank users in Angola had complained over poor services supplied by local bank institutions in 2019, said the director of the Financial Behavior Department of the country’s Central Bank (BNA), Osvaldo dos Santos.