Banking ensures more than 80% of transactions in the Angolan financial system.

In general terms, the Angolan Financial System is supported by banking financial institutions, which contribute the largest volume of negotiations.

The Angolan Financial System (SFA) is made up of Bank and non-Bank Financial Institutions, of which the banking sector ensures the structure with 88% of revenues, according to the annual Report of the Financial System Supervisory Council (CSSF).

The pillar of the country's financial structure accounts for 99% of revenues from banking institutions and 1% from non-banks, including exchange offices, electronic currency institutions, microfinance, credit companies, financial management, among others that contribute little to the development of the financial system.

Data from the previous year show that banking accounts for 88% of revenues, followed by the market and securities sector with 7%, insurance and pension funds with 4.9% and finally, non-bank financial institutions with just 1% of the share.

The Financial System Supervision Council (CSSF) is made up of the National Bank of Angola (BNA), Capital Market Commission (CMC), Angolan Agency for Insurance Regulation and Supervision (ARSEG) and other Financial Supervision and Coordination bodies.

Banking ensures more than 80% of transactions in the Angolan financial system

In general terms, the Angolan Financial System is supported by banking financial institutions, which contribute the largest volume of negotiations.

Jul 4, 2024 - 16:12
Banking ensures more than 80% of transactions in the Angolan financial system
© Photography by: DR
Banking ensures more than 80% of transactions in the Angolan financial system

The Angolan Financial System (SFA) is made up of Bank and non-Bank Financial Institutions, of which the banking sector ensures the structure with 88% of revenues, according to the annual Report of the Financial System Supervisory Council (CSSF).

The pillar of the country's financial structure accounts for 99% of revenues from banking institutions and 1% from non-banks, including exchange offices, electronic currency institutions, microfinance, credit companies, financial management, among others that contribute little to the development of the financial system.

Data from the previous year show that banking accounts for 88% of revenues, followed by the market and securities sector with 7%, insurance and pension funds with 4.9% and finally, non-bank financial institutions with just 1% of the share.

The Financial System Supervision Council (CSSF) is made up of the National Bank of Angola (BNA), Capital Market Commission (CMC), Angolan Agency for Insurance Regulation and Supervision (ARSEG) and other Financial Supervision and Coordination bodies.