The net profits of the Angolan banking sector experienced a 13.6% year-on-year drop in 2022, amounting to 367 billion kwanzas (US$443 million). Increased impairments and worsening losses from Banco de Poupança e Crédito primarily influenced the decline. This information comes from a 2022 study by Deloitte, which analyzed 23 active banks in Angola for the […]
Angolan bank profits to fall by 13.6% in 2022 due to various factors
