Luanda – Credit granted to the real economy reached 365.02 billion kwanzas in October 2020 – April 2021 period, as part of Notice 10/20 of the Central Bank of Angola (BNA).
The amount is equivalent to USD 565.87 million.
The real economy covers industrial, agricultural, fisheries production, the employment and unemployment rate, the inflation, GDP and much more.
According to data released by BNA, the amounts corresponds to a total of 224 approved credits, of which 170 are effective disbursements.
Of the total value, 262,60 billion kwanzas were disbursed until April of the current year by 20 commercial banks representing an increase of 14.64 billion of kwanzas (5.90%) to March 2021.
In April this year, there were a total of 10 new credits granted to the real economy sector from 03 April, making a total of 224 credits.
In general terms, the financial amount approved by the bank sector until April 2021 corresponds to 205.03% of the minimum set in BNA rule on the credit to the real economy (Notice nº 10/2020).
Whereas, the effective disbursed corresponds to 147.50% of the minimum value granted until April 2021.
The number of banks that fulfilled the minimum limit of 2.50% of its Net Assets remained unchanged in March 2021.
They are ATL, BCGA, BCH, BFA, SBA, BNI, BOCLB, BPG, BVB, FNB, KEVE, BIR, YETU, VTB e BMF.
However, A total of 224 projects have been approved by commercial banks, corresponding to 48.70% of the minimum rule.
Source: Angola Press News Agency