DFI Angola

Banco de Poupanca e Credito (BPC), Angola

Banco Comercial de Angola, SARL (BCA) became the first original bank to open in Angola, on 24 January 1956.

 

At first its administrative headquarters were in Lisbon, on Avenida Fontes Pereira de Melo, 19-2º, and its principal place of business was in Luanda, on Rua Rainha Nzinga, where the Centro de Imprensa Aníbal de Melo is located today.

 

BPC, formerly BPA was set up as publicly owned limited company when commercial Angolan banks joined the national banking system. BPA became Banco de Poupança e Crédito, SARL under Decree 47/91 of 16 August 1991, issued by the Council of Ministers of the Republic of Angola.

 

Functions, Products and Services

 

The bank offers loans to companies and private clients; BPC also offers financial products and services that are key in the development of the Angolan economy. The four types of loan they provide are loans for the agricultural, industrial, and commercial and services sectors….. Read More. 

 

 

Banco de Desenvolvimento de Angola (BDA), Angola

The BDA constitutes one of the most relevant financing vehicles in the Angolan economy, created in 2006 to foster its diversification and to reduce dependency on the extractive industry, notably that of oil and diamonds.

 

As such, the BDA is instrumental in re-allocating resources for the benefit and development of the national economy, in support of the Government’s Economic and Social Development Program and it’s National Long-Term Development Strategy.
In this way, the BDA helps diversify the Angolan economy and support economic and social development in a sustainable manner, stimulating investment and productivity and encouraging the introduction of new technologies.
 

 

Functions, Products and Services

 

Direct operations: The BDA finances projects worth over USD 5 million either directly or alongside local commercial banks, in the form of co-financing agreements. In this way, it aims to finance projects that are considered of either structural or strategic value for the national economy. These projects tend to be focused on certain clusters prioritised by the government.


Indirect operations : Conducted via commercial banks, which pass on credit lines to small and medium enterprises (SMEs) for projects that tend to complement the value production chains. The maximum value of these loans is USD 5 million and terms are pre-agreed with the BDA, including maturities of over five years.


Partnerships: The BDA can also conduct credit operations in partnership with international financial institutions, to finance strategic projects that involve significant amounts of imports. Under this method, an Export Credit Agency would insure a loan between a foreign bank and an Angolan company, operating under a BDA (sovereign) guarantee.

Fund-raising: To enhance the availability of resources for investment financing, the BDA undertakes borrowing in domestic and international markets using sovereign guarantees. The Angolan Government’s credit rating