Includes special features of this country’s banking system and rules/laws that might impact U.S. business.

Of the 26 commercial banks registered to operate in Angola, five of these - Banco Angolano de Investimentos (BAI), Banco Economico, Banco de Fomento Angola (BFA), Banco BIC Angola (BIC) and Banco de Poupança e Crédito S.A.R.L. (BPC) - control over 80 percent of total banking assets, deposits, and loans.  No U.S. banks operate in Angola. Commercial banks in Angola are predominately Angolan, Portuguese, and South African.   Most traditionally concentrate on short-term commission-related activities, such as foreign exchange operations and trade financing.  All major banks offer ATM services.  Internationally issued credit cards acceptance is limited to Visa and Mastercard, and only accepted by business hotels and a limited number of service providers.

For a complete listing of authorized Angolan financial institutions please visit the National Bank of Angola’s website

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