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Angola's financial system is administered under the Financial Institutions Law (Law 13/05, 30 September 2005), which provides for the establishment, operations and supervision of financial institutions. The financial sector is regulated by the Ministry of Finance (www.minfin.gv.ao).
Types of Financial Institutions
Loan institutions are companies whose primary activity is the collection of deposits and other reimbursable funds for the purpose of issuing loans. Loan institutions include banks, financial leasing entities and credit cooperatives.
Financial entities engage in specialized activities as defined in Law 1/99 and include the following: financial loan agencies, risk capital and investment agencies, securities managers, financial managers, stock brokers, investment fund managers, real estate agencies, insurance firms, pension fund managers and currency exchange. A financial entity is not a loan institution.
Loan institutions and financial entities are generally subject to supervision by the National Bank of Angola (BNA - www.bna.ao).
The banks operating in Angola are:
- Banco Africano de Investimentos (BAI) http://www.bancobai.co.ao/
- Banco BIC http://www.bancobic.ao/
- Banco Comercial Angolano (BCA)
- Banco Comercial Português
- Banco de Comércio e Indústria (BCI) www.bci.ao/
- Banco de Fomento de Angola (BFA) www.bfa.ao/
- Banco de Poupança e Crédito (BPC) http://www.bpc.ao/
- Banco Espírito Santo Angola (BESA) http://www.besa.ao/
- Banco Nacional de Angola http://www.bna.ao
- Banco Millennium Angola
- Banco Popular de Angola
- Banco Regional do Keve (BRK) http://www.bankev.com/
- Banco Sol
- Banco Totta de Angola
- Banque Paribas (Representative Office)
- Novo Banco (NVB)
- Standard Bank (Representative Office)
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