At an industry event, the Angola Ministry of Finance set out the government’s expectations for the banking sector to use its growing capacity to support the country’s economic transformation. Secretary of State Ottoniel dos Santos said a stronger banking system should back productive investment, job creation, economic diversification and a stronger private sector. He also reiterated the government’s reform agenda to strengthen macroeconomic stability, public finance sustainability and the business environment, with the aim of reducing the state’s dependence on banks as a financing source and increasing banks’ role as partners in national development. The ministry also highlighted financial inclusion and digital transformation as central priorities. Expansion in banking agents, payment agents and digital solutions has widened access, but access needs to translate into effective use that brings more citizens into the formal economy. Continued investment in technology should simplify access rather than exclude users. In the same event, Deloitte Angola said its 2025 study showed banking income grew about 20.8%, supported by the net interest margin and foreign exchange results, while operational efficiency improved through a lower cost-to-income ratio and regulatory capital stayed above 23%. The study also pointed to more than 20% growth in credit to customers, a transformation ratio of 36.3% and deposit growth of nearly 9%, while identifying deeper inclusion, stronger supervision, risk management and compliance, technological adaptation, and more bank financing for small and medium-sized enterprises, agriculture, manufacturing, infrastructure and emerging sectors as the main challenges ahead.

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