BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  National Bank of Angola National Bank of Angola The National Bank of Angola (Portuguese: Banco Nacional de Angola) is the central bank of Angola. It is state-owned and the Government of Angola is the sole shareholder. The bank is based in Luanda and traces its ancestry back to 1865. According to its organization structure, the National Bank of Angola consist of the Governor, the Board of Directors, the Board of Auditors and the Advisory Board.    When Angola gained its independence in 1975, the government nationalized the banking sector. Banco de Angola became Banco Nacional de Angola (BNA); Banco Comercial de Angola became Banco Popular de Angola, and is now Banco de Poupança e Crédito. The BNA continued to function as a central bank, bank of issue and commercial bank. The government also designated it as the only legal holder of foreign currency and delegated to it responsibility for all foreign transactions. On April 20, 1991, a new law restricted BNA's role to that of a central bank, including being solely responsible for monetary policy and acting as issuing bank, banker of the Government and reserve bank. Beginning in 1999, the National Bank began implementing reforms to meet international standards. The important functions of the bank is as follows:   ♦ Preserving the value of the national currency;   ♦ Banker to the Government;   ♦ Acts as an intermediary in monetary relation;   ♦ Maintains stability in the domestic market; and   ♦ It is the financer of the last resort. In achieving the functions as mentioned above, the Bank commits itself to providing effective support functions through a sound banking and financial control system, appropriate information system and the development of competent and qualified staff.   National Bank of Angola HQ Address: Avenida 4 de Fevereiro 151 Luanda Republic of Angola Telephone: N/A Swift Code: BNANAOLU Website: www.bna.ao Currency: Kwanza Banking Hours: Monday - Friday : 8.30am - 6.00pm       The National Bank of Angola accepts that the credibility of its policy and actions is a prerequisite for the attainment of its goals and that such credibility can only be achieved and maintained through independent action, firmness of principle, resoluteness and fixed intent.   DISCLAIMER The content comes from Internet, reasonable efforts are made to maintain accuracy of information published. However, information could contain errors or inaccuracies and is presented without warranty and statutory means. No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise. All trademarks, logos, brand names and copyrights are the property of their respective owners. © 2011 - 2022 BankHeadOffice.com ® All Rights Reserved