Angola has a growing financial sector with several commercial banks operating both locally and internationally. These banks offer a range of services, including personal banking, business loans, foreign exchange, and investment services.
Here’s a list of the main commercial banks in Angola:
1. Banco de Fomento Angola (BFA)
- One of the largest banks in Angola.
- Offers personal, business, and investment banking.
- Known for its wide branch network and digital banking services.
2. Banco Angolano de Investimentos (BAI)
- The first private bank in Angola.
- Strong presence in both retail and corporate banking.
- Has subsidiaries in Portugal and Cape Verde.
3. Banco de Poupança e Crédito (BPC)
- State-owned and one of the oldest banks in the country.
- Focuses on savings and credit services for individuals and small businesses.
- Has a vast branch network, especially in rural areas.
4. Banco Económico
- Formerly Banco Espírito Santo Angola (BESA).
- Offers a full range of banking services with a focus on corporate and high-value clients.
5. Banco Keve
- Focuses on small and medium-sized enterprises (SMEs) and personal banking.
- Known for flexible loan products.
6. Banco Millennium Atlântico
- Result of the merger between Banco Millennium Angola and Banco Privado Atlântico.
- Offers personal, corporate, and investment banking.
- Strong digital banking platform.
7. Banco BIC (Banco Internacional de Crédito)
- One of the fastest-growing banks in Angola.
- Offers retail and business banking.
- Has operations in Portugal.
8. Banco Sol
- Focuses on financial inclusion and microfinance.
- Serves individuals, small businesses, and community projects.
9. Standard Bank Angola
- Subsidiary of Standard Bank Group (South Africa).
- Focuses on corporate and investment banking services.
10. Banco Yetu
- A newer player in Angola’s banking sector.
- Emphasizes innovation and customer service.
Other Notable Banks:
- Ecobank Angola – Pan-African presence, corporate banking focus.
- BNI (Banco de Negócios Internacional)
- Banco Valor
- Banco Prestígio
Regulatory Body:
- All commercial banks are regulated by the National Bank of Angola (BNA), which supervises monetary policy and ensures banking sector stability.
