Who Owns Whom
Request Free Trial Showcase Your Company WOWEB Login
Home > Report Group > Banking Sector Angola
  • Cart
  • Checkout

    • Banking Industry Angola

    The Banking Industry in Angola 2019

    Louise Mitchell | Angola | 07 November 2019

    The Banking Industry in Angola 2016

    Louise Mitchell | Angola | 09 May 2016

    Report Info

    Report Summary Table of Contents
    Enquire about this report

    Report Coverage

    This report on the Angolan banking industry covers deposit-taking institutions which include other credit granting, lease financing, and loyalty and reward programmes, as well as central banking. It contains information on the state and size of the industry, the factors that influence its performance and regulatory and other issues specific to the sector. There are profiles of 24 companies including state-owned Banco de Poupanca e Credito, which has been recapitalised by the government twice between 2016 and 2018 and Banco Económico, one of the banks identified for privatisation, in which Sonangol has 70.37%. There are also profiles of Standard Bank de Angola, a subsidiary of Standard Bank of South Africa and Standard Chartered Bank de Angola, formed by United Kingdom-based Standard Chartered Bank.

    The Banking Sector in Angola

    Angola’s banking industry is dominated by six banks and competition from non-bank institutions such as microlenders remains low. A distinct characteristic of the Angolan banking sector is the participation of the state, ruling party loyalists and state-owned enterprises such as the national oil company Sonangol in private banks, and policy dictates that foreign banks can only operate in Angola through joint ventures with local and state-owned companies. During the past 17 years, the Angolan banking sector has expanded rapidly to become the third-largest sector in sub-Saharan Africa behind South Africa and Nigeria. The number of licensed commercial banks increased from nine in 2003 to 26 in July 2019.

    Privatisation

    The Angolan government is implementing a macroeconomic stabilisation programme focused on strengthening fiscal sustainability, reducing inflation, promoting a more flexible exchange rate regime and improving financial sector stability. Its national development programme includes strengthening financial sector resilience, recapitalising weak banks, and restructuring the largest state-owned bank. It plans to privatise most of the 195 state-owned companies or companies in which the state participates by 2020. The restructuring and privatisation of state-owned banks will increase competition among the commercial banks.

    Read More..
    The Banking Industry in Angola 2019

    Full Report

    R 1 900.00(ZAR) estimated $101.93 (USD)*

    Buy Now +

    Industry Overview

    R 1 330.00(ZAR) estimated $ 71.35 (USD)*

    Buy Now +

    Historical Reports

    The Banking Industry in Angola 2016-05-09

    R 1 900.00(ZAR) estimated $101.93 (USD)*

    View Report Add to Cart

    Table of Contents

    [ Close ]
    PAGE
    1. INTRODUCTION 4
    2. COUNTRY INFORMATION 4
    3. DESCRIPTION OF THE INDUSTRY 5
    3.1. Industry Value Chain 9
    3.2. Geographic Position 11
    4. SIZE OF THE INDUSTRY 12
    5. STATE OF THE INDUSTRY 16
    5.1. Local 16
    5.1.1. Corporate Actions 19
    5.1.2. Regulations 20
    5.1.3. Enterprise Development and Social Economic Development 22
    5.2. Continental 22
    5.3. International 28
    6. INFLUENCING FACTORS 30
    6.1. Economic Environment 30
    6.2. Government Initiatives 31
    6.3. Labour 32
    6.4. Information Technology (IT), Research and Development (R&D) and Innovation 33
    6.5. Rising Operating Costs 33
    6.6. Financial Inclusion 34
    6.7. Cybercrime and Fraud 35
    7. COMPETITION 36
    7.1. Barriers to Entry 37
    8. SWOT ANALYSIS 37
    9. OUTLOOK 38
    10. INDUSTRY ASSOCIATIONS 39
    11. REFERENCES 39
    11.1. Publications 39
    11.2. Websites 40
    APPENDIX 1 42
    Summary of Notable players 42
    COMPANY PROFILES 45
    BANCO ANGOLANO DE INVESTIMENTOS S.A. 45
    BANCO BAI MICRO FINANCAS S.A. 52
    BANCO BIC S.A. 55
    BANCO CAIXA GERAL ANGOLA S.A. 59
    BANCO COMERCIAL ANGOLANO S.A. 63
    BANCO COMERCIAL DO HUAMBO S.A. 67
    BANCO DE COMERCIO E INDUSTRIA S.A. 69
    BANCO DE DESENVOLVIMENTO DE ANGOLA 73
    BANCO DE FOMENTO ANGOLA S.A. 75
    BANCO DE INVESTIMENTO RURAL S.A. 78
    BANCO DE NEGOCIOS INTERNATIONAL S.A. 80
    BANCO DE POUPANCA E CREDITO S.A. 85
    BANCO ECONOMICO S.A. 87
    BANCO KEVE S.A. 90
    BANCO MILLENNIUM ATLANTICO S.A. 95
    BANCO NACIONAL DE ANGOLA 98
    BANCO SOL S.A. 100
    BANCO VALOR S.A. 104
    BANCO VTB AFRICA S.A. 106
    FINIBANCO ANGOLA S.A. 108
    STANDARD BANK DE ANGOLA SA 111
    STANDARD CHARTERED BANK ANGOLA S.A. 115

    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.

    Read More..
    The Banking Industry in Angola 2016

    Full Report

    R 1 900.00(ZAR) estimated $101.93 (USD)*

    Buy Now +

    Industry Overview

    R 1 330.00(ZAR) estimated $ 71.35 (USD)*

    Buy Now +

    Historical Reports

    The Banking Industry in Angola 2019-11-07

    R 1 900.00(ZAR) estimated $101.93 (USD)*

    View Report Add to Cart

    Table of Contents

    [ Close ]
    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

    Stay Up to Date with the Latest Industry News in Africa

    Copyright @ 2021