Africa Monitor

Africa Monitor Intelligence

Angola: Central Bank Policies Add to Banking Woes

Angola: Central Bank Policies Add to Banking Woes

The situation of the Angolan banking sector is considered by industry sources to be increasingly fragile. In addition to the context of the economic and financial crisis, the policies of the National Bank of Angola (BNA), which are oriented towards central planning and demanding beyond banks' current capacities, are pointed by bank executives as an aggravating factor in the sector's situation. READ MORE