Developing the Supply of Financial Services and Improving the Efficiency of the Banking Sector in Angola

This report has been prepared by the Southern Africa Global Competitiveness Trade Hub to provide the Banco Nacional de Angola (BNA) with a critical analysis of key constraints to improving the efficiency of the banking sector and developing a sound and efficient financial sector in Angola. The report addresses five specific elements of BNA’s Policy Matrix for Expanding Credit Access: improving the supply of term finance; expanding access to credit for small and medium scale enterprises (SMEs); reducing the cost of credit; establishing benchmark interest rates to guide the pricing of credit products; and assessing the possibility of introducing deposit insurance in Angola.