Angola: Central Bank Calls for Professionalism to Consolidate Banking System

Luanda — The Angolan Central Bank 's governor (BNA), José de Lima Massano, defended Wednesday, in Luanda, the need for bank workers continued to work with honesty, professionalism so that the country has a solid and robust financial system.

Speaking at the lecture on "Banking Memories", promoted by the BNA to celebrate the 44th anniversary of banking activity in the country, he stressed the need for sector cadres to continue with rigor, honesty and professionalism, so that banking remains a reference in Angola.

In his turn, the former BNA governor, António Inácio, proposes the institutionalization of August 14th as a bank worker day due to the positive role it has always played for the national economy.

"I think it is opportune for the contribution that has already been made by bank workers that this date be recognized in institutional terms, just as there is the working day of health and education, among others," he said.

António Inácio, who is currently chairman of the Rural Investment Bank (BIR), believes that the country currently has a healthy banking system, because workers have a very remarkable contribution in this regard.

He pointed out that at the beginning of this process, the bank had few staff, but today they can be proud of the fact that the sector has well-educated workers and has been contributing to the growth of the banking financial system.

However, Data indicate that the country has more than 26 financial institutions, led by six, namely the Savings and Credit Bank (BPC), Angolan Investment Bank (BAI), Banco de Fomento Angola (BFA), Banco Económico, Banco Millennium Atlântico ( BMA) and International Credit Bank (BIC).

Public banking employs over 27% of Angola's more than 23,000 banking sector employees.

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