Leading banks in Angola 2021, by tier 1 capital

Published by
Doris Dokua Sasu,
Jan 30, 2024
Banco de Poupança e Crédito had the largest level of capital among Angolan banks in 2021. The government-owned institution accumulated 941 million U.S. dollars in tier 1 capital, which consists of core capital, reserves, retained earnings, and minority interests. Banco de Fomento Angola followed with a capital of 623 million U.S. dollars.

Leading banks in Angola as of 2021, by tier 1 capital (in million U.S. dollars)

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Sources

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Release date

September 2021

Region

Angola

Survey time period

2021

Supplementary notes

The source adds the following information: "The ranking for the Top 100 Banks survey uses Tier 1 capital which consists of capital + reserves + retained earnings + minority interests. The figures in local currencies are converted into US dollars at the foreign exchange rates on 31 December 2019 or on the year-end date in the results. Data comes from Moody’s Analytics BankFocus, Bankers’ Almanac and from African Business inhouse research. We have excluded some banks where data is old or unreliable".

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