The Angolan banking sector remained solid in the first quarter of this year, despite the concentration of activity in systemically important banks and exposure to sovereign risk with a "decreasing trend", according to the National Bank of Angola (BNA).

Angola maintains exposure to sovereign risk but "with a decreasing trend"

11:21 - 04/06/24 por Lusa

Economia Angola

The Financial Stability Committee (FSC), in a statement after the assessment meeting of the main systemic risk factors with impact on financial stability, considers that the Angolan banking sector presents adequate levels of capital and liquidity, above the regulatory minimum and adequate to face the risks inherent to the activity.

"However, the low level of financial intermediation persists, with a focus on the real sector of the economy, exposure to sovereign risk [risk of the State not honouring its commitments], but with a decreasing trend, as well as the concentration of activity in banking financial institutions of systemic importance", indicates the FSC.

The FSC decided to keep its macroprudential policy instruments unchanged, maintaining a Conservation Reserve (corresponding to an amount of own funds capable of accommodating unforeseen losses) of 2.50% for all commercial banks; a Reserve for Domestic Systemically Important Banks (D-SIBs), between 1% and 2%; and the Countercyclical Reserve (used to protect the banking sector in periods when systemic cyclical risk increases, due to excessive credit growth) at 0%.

The next FSC meeting will be held in Luanda on August 30, 2024.

Read Also: Angola reajusta pensões para ex-combatentes e deficientes de guerra (Portuguese version)

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Angola maintains exposure to sovereign risk but "with a decreasing trend"

The Angolan banking sector remained solid in the first quarter of this year, despite the concentration of activity in systemically important banks and exposure to sovereign risk with a "decreasing trend", according to the National Bank of Angola (BNA).

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Angola maintains exposure to sovereign risk but "with a decreasing trend"

The Angolan banking sector remained solid in the first quarter of this year, despite the concentration of activity in systemically important banks and exposure to sovereign risk with a "decreasing trend", according to the National Bank of Angola (BNA).

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