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Banks grant new AKZ 258.6 billion credits 

     Economy              
  • Luanda • Friday, 05 February de 2021 | 01h28

Luanda - The new credits approved and financed, until December 2020, by commercial banks in Angola, totalled 258.63 billion kwanzas, as part of support for the real sector of the economy.

Of that amount, 142.99 billion kwanzas accounted for funding disbursed, which represents 72.51 percent of the minimum amount of credit to be granted by 30 April, 2021.

By April of this year, the banks may disburse 197.1 billion kwanzas to finance 520 projects, in accordance with the BNA's communiqué on the degree of compliance with Notice No. 10/20 of 3 April.

The document on the granting of credit to the real sector of the economy, to which ANGOP had access today, states that eight banks have complied with the granting of credit of at least 2.5 percent of their net assets.

The Standard Banco Angola (SBA) level of compliance was 356.72 percent, Rural Investment Bank (BIR) 183.43 percent, International Business Bank (BNI) 385.76 percent, Keve (163.37 percent,) Yetu (297.32 percent), Finibanco (FNB) 149.53 percent, Caixa Geral Angola (BCGA) 112.31 percent, and BVB 121.72 percent.



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