Angola sees decrease in bank branches


LUANDA, Feb. 29 (Xinhua) -- Angola experienced a decrease in the number of bank branches from 1,426 in 2022 to 1,356 in 2023, a central bank official said Thursday.

As of January 2024, the country maintained 1,426 banking branches, with the majority located in Luanda, which has 769 branches, followed by the central province of Benguela, with 119, said Candido de Pina, director of the Department of Regulation and Organization of the Financial System at the National Bank of Angola, the central bank, in Luanda, the capital of Angola.

The top five banking institutions in terms of the number of branches in the country have a total of 891 branches, representing about 63 percent of the Angolan financial system. The Savings and Credit Bank stands out with 221 branches, followed by Banco de Fomento Angola and Banco BIC with 190 and 172 branches, respectively.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

AI-generated child pornography is circulating. This US prosecutor wants to make it illegal.
Study links excessive Internet use to teen school absence risk
EU watchdog: Meta shouldn’t force users to pay for data protection
Layoff whiplash scars workers who find new jobs only to lose them
European Union questions TikTok on new app that pays users for watching
Man watches RM119,000, woman disappear in online dating scam, US police say
Polish president meets privately with Trump in New York
Uber is helping investigators look into account that sent driver to US home where she was killed
AI computing is on pace to consume more energy than India, Arm says
Stabbed Sydney Assyrian church bishop says he forgives attacker

Others Also Read