Table of Contents
Introduction
As a country in Southern Africa rich in natural resources, Angola has a booming economy and its banking system is gradually becoming important in the economic growth and the provision of financial services to both individuals and firms. The following is an article that will highlight the 10 best banks in Angola and explain a bit about each bank and their role in the financial sector.
1. Banco Nacional de Angola (BNA)
The Banco Nacional de Angola (BNA) is the central bank of the country and regulates other banks in the country. This is because it plays a very important role in the financial sector of the country such as the regulation of the money supply, the management of the Angolan currency and the supervision of other banks. The BNA is responsible for the formulation and implementation of monetary policies that are directed at curbing inflation and facilitating economic growth.
3. Banco Angolano de Investimentos (BAI)
Banco Angolano de Investimentos (BAI) is a bank with unique and creative banking solutions and high standards in customer relations. It provides standard banking services which include personal banking, corporate banking, investment banking and asset management. BAI has paid much attention to the digital banking and this has made the customers to transact easily through the bank’s website or mobile application.
4. Banco Millennium Atlântico
Banco Millennium Atlântico is a branch of Millennium bcp, one of the biggest banks of Portugal and it provides a large number of products and services to its customers. It has a good record of customers’ satisfaction and risk management which makes it a reputable bank in Angola. It also offers online and mobile banking, remittance services, credit and debit cards, investment products, and loans.
