Africa-Press – Angola. Gross credit to the non-financial sector, in June, amounted to 4.77 billion kwanzas, having registered a slight increase of around 1.05 billion kwanzas (0.02 percent), compared to the same period last year, with 91.52 percent representing the indebtedness of the private sector (private and private companies) and 8.48 percent representing the indebtedness of the public sector (public administration and public companies).
The indebtedness of the non-financial public sector totaled 404.81 billion kwanzas, of which 57.96 percent refer to Public Administration and 42.04 percent to public companies. Compared to the same period last year, there was an increase of 30.28 billion kwanzas (8.08 percent).
In turn, the indebtedness of the private sector (private companies and individuals) recorded a reduction of 29.22 billion kwanzas (0.66 percent), from 4.40 billion kwanzas in June 2021, to 4 37 billion kwanzas in June 2022, with the indebtedness of non-financial private companies corresponding to 3.52 billion, with a decrease of 1.50 billion kwanzas (0.04 percent) and the indebtedness of individuals corresponded to 846.79 billion kwanzas, with a reduction of 27.72 billion kwanzas (3.17 percent).
Regarding the Real Sector, in June 2022, gross credit to the non-financial sector allocated to the real economy totaled 936.02 billion kwanzas, representing 19.65 percent of total gross credit in the banking sector. Compared to the same period last year, there was a slight decrease of 2.12 billion kwanzas.
Gross credit granted under the BNA Notices to promote the real sector totaled 438.51 billion kwanzas, which corresponded to 46.85 percent of total credit to the real sector.
In terms of economic activity sector of the total credit granted to the real sector, in the period under analysis, manufacturing industries stand out with 491.34 billion kwanzas (52.49 percent), of which 334.71 billion kwanzas (68.12 percent) corresponding to credit under the Notices highlighted and Agriculture, animal production, hunting, forestry and fishing with 336.96 billion kwanzas (36.00 percent), of which 30 74 percent, ie 103.58 billion kwanzas, represented credit granted within the scope of the BNA Notices on the promotion of credit to the real sector; and extractive industries with 107.77 billion kwanzas (11.51 percent), of which 213.92 million kwanzas (0.19 percent) were granted under the Notices on the granting of credit to the real sector.
Rate Adjustment
According to a directive also published yesterday by the BNA, there is a need to adjust the interest rate of the Assignment and Liquidity Absorption Facilities, regulated under Notice 11/2011, of 20 October, and in accordance with the decisions of the 160th ordinary session of the Monetary Policy Committee, held on 29 July 2022, the central bank establishes that the basic interest rate of the BNA (BNA Rate) is set at 20 percent per year. The Standing Liquidity Absorption Facility interest rate is set at 15 percent per annum, while the Standing Liquidity Providing Facility (FCO) interest rate is set at 23 percent per annum.
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