Banco de Desenvolvimento de Angola (English: Development Bank of Angola) (BDA) is the public
bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...
of
Angola
Angola, officially the Republic of Angola, is a country on the west-Central Africa, central coast of Southern Africa. It is the second-largest Portuguese-speaking world, Portuguese-speaking (Lusophone) country in both total area and List of c ...
to finance investments in "strategic long-term economic development" of the country. It was created July 2006 by government decree No. 37/06.
The BDA administers the ''Fundo Nacional de Desenvolvimento - FND'' (National Development Fund - NDF) which is supplied by 5% of the fiscal results of the petroleum industry of Angola and 2% of the fiscal results of the diamond activities of Angola.
In 2008, the bank financed projects worth 8.7 billion
Kwanzas, corresponding to about $US 116 million.
See also
*
List of banks in Angola
This is a list of commercial banks in Angola, as updated in 2024 by the Angolan Banking Association (ABANC).
List of commercial banks
* Banco Angolano de Investimentos S.A. (BAI)
* Banco Caixa Geral Angola, S.A., part of CGD Group
* Banco de C ...
External links and sources
Banco de Desenvolvimento de Angola
Banks of Angola
Angola
Angola, officially the Republic of Angola, is a country on the west-Central Africa, central coast of Southern Africa. It is the second-largest Portuguese-speaking world, Portuguese-speaking (Lusophone) country in both total area and List of c ...
Government-owned companies of Angola
{{DEFAULTSORT:Banco De Desenvolvimento De Angola