Africa-Press – Angola. The National Bank of Angola (BNA) financed 752 projects, within the scope of notice no. 10, with a total of 1.06 billion kwanzas, the institution’s governor, Manuel Tiago Dias, said in Luanda.
“Notice No. 10”, an instruction from the BNA, stipulates the credit conditions that financial institutions must grant to the real sector of the economy, for cultural activities and production of essential goods.
The person in charge explained that “Notice No. 10” began with credits in 2020 and applies to financial institutions under the supervision of the BNA, stipulating the concession conditions.
Manuel Tiagos Dias, who opened the 1st Credit Guarantee Forum, said that financing under Notice 10 represents 16.49 percent of the global credit portfolio granted and credit to the real economy represents 71 percent of the portfolio.
Regarding credit granted to the real economy sector, he stated that 10% came from the Credit Guarantee Fund (FGC), destined for the agriculture, forestry and fisheries sectors.
From the investment made, he said, 43 thousand 882 new jobs emerged, with emphasis on the areas of agriculture, livestock and manufacturing industries.
“The results fill us with hope because with a greater set of synergies, which intervene in the chain, we will be able to achieve better results in the medium term”, stated the governor.
On the other hand, he suggested that the Credit Guarantee Forum be institutionalized, aiming to strengthen the national financial system and relaunch the participation of micro, small and medium-sized companies in the productive sector.
“ That the Forum, which greatly adds value to the creation of synergies, be institutionalized as a true platform for consultation, balance and actions of the Credit Guarantee Fund with banking institutions and specialists, to reflect on mechanisms for granting credit, as well as definition of strategy for financing lines”, indicated the source.
The event is organized by the Credit Guarantee Fund and was held under the motto “Guarantee Production and Promote Food Security”, aiming to publicize the credit guarantee lines made available to reinforce production and food security in the country.
250 experts who intervene in the National Guarantee and Credit System participated in the Credit Guarantee Forum, including businesspeople and those responsible for the financing chain.
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