BNA admits to closing banks again

BNA admits to closing banks again

Jornal de Angola

More banks may have their operating licenses revoked as part of an asset quality assessment whose final results are expected later this month, Reuters reported today citing the governor of the National Bank of Angola (BNA) in London.

The government also plans to return to the international debt market before the end of the year, added Jose de Lima Massano on his way to Washington, where he attended the annual meetings of the International Monetary Fund (IMF) and the World Bank, held from Monday until today.
Angola has 27 operating banks, after revoking two bank licenses (Banco Mais and Banco Postal) earlier this year, awaiting the results of a broader financial sector assessment later this month.

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