Rédaction Africa Links 24 with ANGONOTÍCIAS
Published on 2024-02-27 13:45:11
The gross credit to the non-financial sector, in January 2024, amounted to 6.01 trillion Kwanzas, with an increase of about 1.3 trillion Kwanzas (27.97%) compared to the same period, with 88.65% representing private sector debt and 11.35% representing public sector debt.
According to Statistical Information on Credit for January, released on Monday on the website of the National Bank of Angola, the debt of the non-financial public sector totaled 681.78 billion Kwanzas, of which 49.30% were for the public administration and 50.70% to public enterprises. Compared to the same period, there was a growth of 319.72 billion Kwanzas (88.30%).
The National Bank of Angola (BNA) says that private sector debt (private companies and individuals) increased by 992.87 billion Kwanzas (22.93%), from 4.33 trillion Kwanzas in January 2023 to 5.32 trillion Kwanzas in January 2024.
The debt of non-financial private companies corresponded to 4.12 trillion Kwanzas, an increase of 709.82 billion Kwanzas (20.79%), while the debt of individuals corresponded to 1.20 trillion Kwanzas, with an increase of 283.05 billion Kwanzas (30.91%). Regarding the Real Sector, the document adds that in January 2024, gross credit allocated to the Real Economy Sector totaled 1.24 trillion Kwanzas, an increase of 92.84 billion Kwanzas (8.08%) compared to the same period, mainly driven by the increase in resources channeled to the “Extractive Industries” subsector, by about 119.22 billion Kwanzas (58.83%).
Despite the recorded increase, the note emphasizes that the weight of gross credit to the Real Sector on the total credit portfolio in the banking system decreased by 3.2%, compared to the same period, amounting to 21.47% in January 2024, justified by the greater increase in credit destined for non-productive sectors (29.58%).
According to the document, the total outstanding credit granted under BNA Notice No. 10/2022, for the promotion of the Real Sector, totaled 969.16 billion Kwanzas, representing 78.06% of total credit granted to the Real Sector and 16.76% of the gross credit portfolio of the banking system. The note reinforces that compared to the same period, there was a notable increase of 267.96 billion Kwanzas (38.21%), mainly influenced by the financing of projects in the subsector of “Agriculture, Animal Production, Hunting, Forestry and Fishing”, which recorded an increase of 67.94 billion Kwanzas (19.91%).
Regarding economic activity sectors, the total credit granted to the real sector in the period under review, the subsector of Manufacturing Industries stands out with 614.23 billion Kwanzas (49.47%), of which 598.92 billion Kwanzas (97.51%) correspond to credit under the Notice.
Also notable is the Extractive Industries subsector, with 321.87 billion Kwanzas (25.97%), of which 90.90 billion Kwanzas (28.24%) were granted under the Notice on credit to the real sector. Also noteworthy is the subsector of Agriculture, Animal Production, Hunting, Forestry and Fishing with 305.41 billion Kwanzas (24.60%), of which 279.34 billion Kwanzas (91.46%) were granted under the BNA Notice for the promotion of credit to the Real Sector.
Read the original article (Portuguese) on Angonoticias
