More than 1 billion kwanzas is the amount already made available by BanNational Co of Angola (BNA) in credit projects contracted by commercial banks
Speaking yesterday, at the opening of the XII Economy and Finance Forum, the governor of the National Bank of Angola (BNA), Manuel Tiago Dias, said that the aforementioned value corresponds to 16.36% of the global bank credit portfolio and 78% of credit portfolio allocated to the real sector of the economy, with emphasis on manufacturing, agriculture, animal production, hunting, forestry and fishing.
He pointed out that the value arises from Notice no. 10/23 of April 6, which has a significant impact on credit to the economy, since its implementation until October of this year. Within the scope of the various notices published by the BNA, it was pointed out that efforts have been made to support different programs that promote the diversification of the economy, through guidelines and financial policies that affect the availability of credits and investments in various economic sectors.
Manuel Tiago Dias also highlighted that the data available to date indicate that, since the creation of the BNA notices, more than 46 thousand jobs have emerged and, in terms of scope of financed activities, they have already been allocated in 17 provinces, with a view to contributing “to realizing the dream of owning your own home and boosting the real estate sector”.
Regarding the XII Economy and Finance Forum, the president of the Angolan Banks Association (ABANC), Mário do Nascimento, stated that the event represents a significant milestone in the commitment to promoting fundamental discussions on the diversification of the economic and financial markets. The event, which had the motto “Economic diversification and financial markets” and promoted by ABANC, addressed the urgency of economic diversification in Angola, crucial for sustainable growth and reducing dependence on oil.