Banco de Desenvolvimento de Angola
Angolan bank
From Wikipedia, the free encyclopedia
Banco de Desenvolvimento de Angola (English: Development Bank of Angola) (BDA) is the public bank of Angola to finance investments in "strategic long-term economic development" of the country. It was created July 2006 by government decree No. 37/06.
| Banco de Desenvolvimento de Angola | |
|---|---|
| Type | Publicly owned |
| Industry | Banking |
| Founded | July 2006 |
| Founder | Government of Angola |
| Website | www |
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.[1][2]
In 2008, the bank financed projects worth 8.7 billion Kwanzas, corresponding to about $US 116 million.
