Credit to the private sector (including private companies and individuals) accounted for 85.4% during this period, with the remaining 14.6% attributed to public sector debt (public administration and public companies), according to the statistical information note from the National Bank of Angola (BNA).
The stock of credit to the economy, in national currency, reached 7.1 trillion kwanzas (6.6 billion euros), reflecting an increase of 1.3 trillion kwanzas compared to October 2024.
The note from the central bank of Angola indicates that non-financial public sector debt settled at 1.3 trillion kwanzas (1.2 billion euros), a reduction of 273.2 billion kwanzas compared to the same period last year.
Meanwhile, the private sector registered a growth of 843.1 billion kwanzas, increasing from 6.7 trillion to 7.5 trillion kwanzas (6.9 billion euros), with 5.9 trillion absorbed by companies.
In October, gross credit to the real sector of the economy rose to 1.8 trillion kwanzas (1.6 billion euros), an increase of 307 billion kwanzas compared to the same period last year, driven mainly by growth in the extractive industry subsector.
The manufacturing industries absorbed 791.2 billion kwanzas (735 million euros) of this financing, while extractive industries received 713.3 billion kwanzas (663 million euros). Agriculture, animal production, hunting, forestry, and fishing registered a credit volume of 339.3 billion kwanzas (315 million euros).
