The Banking Sector in Angola 2016
Price
R 1 900.00(ZAR) estimated $ 119.89 (USD)*
Report Coverage
The detailed report on the Angolan banking sector describes the current market, the latest regulatory developments and discusses factors influencing the success of the sector. The report profiles 24 companies, including the five leading banks, Banco Angolano de Investimentos (BAI), Banco de Poupança e Crédito (BPC), Banco de Fomento Angola (BFA), Banco Privado Atlântico (BPA) and Banco Internacional de Credito Angola (Banco BIC). Also profiled are Standard Bank de Angola (SBdA), a subsidiary of Standard Bank of South Africa, and Banco VTB Africa, S.A. (VTB), a partnership between Russian bank VTB Bank and Angolan partners which specialises in the provision of corporate banking services to international companies operating in the country.
The Banking Sector in Angola
This report focuses on the Angolan banking industry and includes other credit granting, lease financing, and loyalty and reward programmes. The finance, real estate and business services sector contributed 3.6% to GDP in 2013 and with total banking assets in 2014 of approximately US$65.5bn, the banking sector plays a vital role in the country’s economy.
A Flourishing Sector
Since the end of the civil war in 2002, the Angolan banking sector has evolved from a state-controlled financial system into a flourishing sector espousing privatisation and liberalisation. Of the 29 commercial banks that are currently licensed to conduct business, three are state-owned. However, through the state oil company, Sonangol, the government has retained an indirect stake in six other banking institutions. There is a high level of concentration, with five banks controlling 73% of the country’s total banking assets, and 77% of deposits and short-term funding.
Challenging Conditions
Since 2015 the Angolan banking sector has seen a slowdown in its growth rate and is facing major challenges as a result of the low oil price and the lack of economic liquidity in terms of foreign currency. Increasing pressure on economic growth is evident in the inflation rate that climbed to 20.3% in February 2016, the highest it has been since December 2005. Interest rates were increased to 14% in March 2016, following a raise to 12% the previous month and the World Bank anticipates that Angola’s US$113.9bn economy will contract by 0.3% in 2016.
Table of Contents
| PAGE | ||
|---|---|---|
| 1. | INTRODUCTION | 1 |
| 2. | DESCRIPTION OF THE INDUSTRY | 1 |
| 2.1. | Industry Value Chain | 4 |
| 2.2. | Geographic Position | 5 |
| 3. | SIZE OF THE INDUSTRY | 6 |
| 4. | STATE OF THE INDUSTRY | 14 |
| 4.1. | Local | 14 |
| 4.1.1. | Corporate Actions | 19 |
| 4.1.2. | Regulations and Government Programmes | 22 |
| 4.1.3. | Enterprise Development and Social Economic Development | 25 |
| 4.2. | Continental | 27 |
| 4.3. | International | 30 |
| 5. | INFLUENCING FACTORS | 31 |
| 5.1. | Government Initiatives | 31 |
| 5.2. | Economic Environment | 32 |
| 5.3. | Expansion into Africa | 34 |
| 5.4. | Labour | 34 |
| 5.5. | Rising Operating Costs | 35 |
| 5.6. | Information Technology | 36 |
| 5.7. | Crime and Security | 39 |
| 5.8. | Financial Inclusion | 39 |
| 5.9. | Environmental Concerns | 40 |
| 6. | COMPETITION | 40 |
| 6.1. | Barriers to Entry | 41 |
| 7. | SWOT ANALYSIS | 43 |
| 8. | OUTLOOK | 44 |
| 9. | INDUSTRY ASSOCIATIONS | 45 |
| 10. | REFERENCES | 45 |
| 10.1. | Publications | 45 |
| 10.2. | Websites | 46 |
| COMPANY PROFILES | 48 | |
| BANCO ANGOLANO DE INVESTIMENTOS SA | 48 | |
| BANCO ANGOLANO DE NEGOCIOS E COMERCIO SA | 54 | |
| BANCO BAI MICRO FINANCAS SA | 57 | |
| BANCO BIC SA | 59 | |
| BANCO CAIXA GERAL TOTTA DE ANGOLA SA | 61 | |
| BANCO COMERCIAL ANGOLANO SA | 64 | |
| BANCO COMERCIAL DO HUAMBO SA | 68 | |
| BANCO DE COMERCIO E INDUSTRIA SA | 70 | |
| BANCO DE DESENVOLVIMENTO DE ANGOLA | 72 | |
| BANCO DE FOMENTO ANGOLA SA | 74 | |
| BANCO DE INVESTIMENTO RURAL SA | 77 | |
| BANCO DE NEGOCIOS INTERNATIONAL SA | 78 | |
| BANCO DE POUPANCA E CREDITO SA | 84 | |
| BANCO KEVE SA | 86 | |
| BANCO KWANZA INVESTIMENTO SA | 90 | |
| BANCO MILLENNIUM ANGOLA SA | 92 | |
| BANCO PRESTIGIO SA | 97 | |
| BANCO PRIVADO ATLANTICO SA | 99 | |
| BANCO SOL SA | 102 | |
| BANCO VALOR SA | 106 | |
| BANCO VTB AFRICA SA | 108 | |
| FINIBANCO ANGOLA SA | 109 | |
| STANDARD BANK DE ANGOLA SA | 112 | |
| STANDARD CHARTERED BANK DE ANGOLA SA | 115 |
