Banco de Desenvolvimento de Angola (English: Development Bank of Angola) (BDA) is the public
bank
A bank is a financial institution that accepts 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 markets.
Because ...
of
Angola
, national_anthem = " Angola Avante"()
, image_map =
, map_caption =
, capital = Luanda
, religion =
, religion_year = 2020
, religion_ref =
, coordina ...
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.
External links and sources
Banco de Desenvolvimento de Angola
Banks of Angola
Development finance institutions
{{DEFAULTSORT:Banco De Desenvolvimento De Angola