Angola: Gross Credit to the Non-Financial Sector Grows

  • 📰 allafrica
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 99%

Loans Loans Headlines News

Gross credit to the non-financial sector amounted to 6.22 billion kwanzas, having recorded an increase of around 1.4 billion Kwanzas (29.68%), in February, compared to the same period last year.

Luanda — Gross credit to the non-financial sector amounted to 6.22 billion kwanzas, having recorded an increase of around 1.4 billion Kwanzas , in February, compared to the same period last year.

The document also states that the debt of the non-financial public sector totaled 771.40 billion kwanzas, of which 58.77% refers to public administration and 41.23% to public companies. Compared to the same period last year, there was a growth of 386.24 billion kwanzas . In February 2024, gross credit allocated to the Real Sector of the Economy totaled 1.25 billion kwanzas, which represents an increase of 63.48 billion , compared to the same period last year, driven mainly by the increase in resources channeled to the Extractive Industry subsector of around 98.13 billion kwanzas .

The total current credit granted under BNA Notice 10/2022 to promote the Real Sector totaled 972.55 billion kwanzas, which represents 77.80% of the total credit granted to the Real Sector and 16.19% of the banking system's gross credit portfolio.There was a problem processing your submission. Please try again later.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Angola: German Ambassador Identifies Investment Opportunities in AngolaThe German ambassador to Angola, Stefan Traumann, expressed his country's interest in identifying business opportunities in southern Namibe province to invest in and strengthen cooperation between the two countries.
Source: allafrica - 🏆 1. / 99 Read more »