Announcements

May 13, 2016

Sale of Foreign Currency to the Commercial Banks

The National Bank of Angola within the framework of its actions in the foreign exchange market, based on the sessions of foreign currency sales to the commercial banks, sold in the period of 09 to 13 of the current month of May, foreign currency in the total amount equivalent to USD 217.8 millions, for the coverage of operations with priority status and Government’s sectoral programs, namely:

  • USD 65.3 millions for coverage of imports related to Government’s sectoral programs, in particular supplies, raw materials and equipment, for the Agriculture, Industry and Fisheries sectors;
  • USD 30.0  millions for coverage of operations related to Airlines;
  • USD 20.0  millions for coverage of telecommunications services;
  • USD 15.6  millions for the import of medicines and hospital material;
  • USD  24.0 millions for coverage of payments related to family aid, health, education, travels and remittances;
  • USD 7.0  millions for coverage of salaries’ exchange rate of non-residents;
  • USD  10.0 millions for coverage of several banking operations;

There were also sold by auction, the equivalent amount of USD 45.4 millions for coverage of import operations from companies providing services to the Oil Sector;

In the respective sales session, the following banks were included:


Nome
Sigla
BANCO ANGOLANO DE INVESTIMENTOSBAI
BANCO YETU
YETU
BANCO ANGOLANO DE NEGÓCIOS E COMÉRCIO
BANC
BANCO BAI MICRO FINANÇAS
BMF
BANCO BICBIC
BANCO TOTTA ANGOLA
BTA
BANCO COMERCIAL ANGOLANO
BCA
BANCO COMERCIAL DO HUAMBO
BCH
BANCO DE COMÉRCIO E INDÚSTRIA
BCI
BANCO DE FOMENTO ANGOLA
BFA
BANCO DE INVESTIMENTO RURAL
BIR
BANCO DE NEGÓCIOS INTERNACIONAL
BNI
BANCO ECONÓMICO
BE
BANCO KWANZA INVESTIMENTO
BKI
BANCO MILLENNIUM ANGOLA
BMA
BANCO PRIVADO ATLÂNTICO
BPA
BANCO PUNGO ANDONGO
BPAN
BANCO SOL
BSOL
BANCO VALOR
BVB
BANCO VTB ÁFRICA
VTB
FINIBANCO ANGOLA
FNB
STANDARD BANK DE ANGOLA
SBA
STANDARD CHARTERED BANK DE ANGOLA
SCBA
BANCO DE CRÉDITO DO SUL
BCS

Due the shortage of foreign currency, the commercial banks should make a quick and careful allocation of the resources, in order to contribute to the satisfaction of essential needs of the national economy and to operate in accordance with prudential standards and international best practice, in the fight against money laundering and to the leakage of foreign exchange.

The National Bank of Angola, as supervisor of the financial system, reaffirms its commitment to ensure compliance of the rights granted to the consumers of financial products and services and to maintain the stability of the referred system.