Dia: 23 de Outubro, 2017

Moody’s Sees Angola as No-Go Zone for U.S. Banks as Risks Remain

Angola is still a long way off from tempting U.S. banks into resuming dollar-clearing services despite making progress in combating money laundering, according to Moody’s Investors Service.

“American banks are unlikely to come back to Angola anytime soon,” Akin Majekodunmi, a London-based senior analyst at Moody’s, said in an interview on Wednesday. “This industry, if you like, doesn’t make much commercial sense for them anymore.”

Bank of America Corp. halted dollar supplies to Angolan lenders in 2015, five years after a Senate report showed how a convicted arms dealer moved millions of dollars into the U.S. Other banks followed, triggering an exodus of foreign workers who got paid in greenbacks and worsening an economic crisis that began soon after oil prices started to fall in 2014. Oil accounts for more than 90 percent of Angola’s exports.

The new government of President Joao Lourenco, who took over last month after the 38-year rule of Jose Eduardo dos Santos, has signaled that reforms initiated by the previous administration to the banking sector will continue. Lourenco reappointed Finance Minister Archer Mangueira for another term and has retained, for now, Valter Filipe Duarte da Silva as governor of the central bank.

The advocacy group Financial Action Task Force removed Angola from its blacklist last year, citing significant progress in the fight against money laundering. Still, Transparency International has ranked Angola among the world’s 20 most corrupt nations for the past three years.

Viable Alternatives

A spokesman for Angola’s central bank didn’t return requests for comment by phone or email.

For large American banks, providing dollar clearing services to Angolan lenders may not generate enough profit to compensate for potential fines they may face at home for doing business with a bank not fully compliant with U.S. regulations, according to Majekodunmi.

Africa’s second-biggest oil producer relies on dollars and other foreign currencies to import almost all of its products following a 27-year war that ended in 2002. The local currency, the kwanza, isn’t traded abroad.

The euro has been a “viable alternative” for Angolan banks, which are also using the South African rand instead of dollars, said Majekodunmi. “Some European banks are also providing dollar clearing services but it takes longer, it’s more expensive and you can’t do big transactions.”

While Angola’s banking system still faces challenges because of limited access to dollars and a high level of non-performing loans, the country’s lenders still have a strong potential for growth, said Majekodunmi. Only 47 percent of Angolans used banking services in 2014, according to a report by KPMG LLP last year.

“There’s still a lot of capacity to grow their deposit base and use that money to re-lend to the private sector,” he said. “The issue with banks now is there is a lack of lending opportunities. Most of them really just put their funds back into government securities.”

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23.10.2017 – Cotações do dia ( BNA, Banca Comercial, Mercado Informal – Kinguilas – e Private Deals )

1 – BNA
Taxas oficiais do Banco Nacional de Angola
USD 165,93 (Compra 165,10 Venda 166,75) – Variação (+/-) 0%
EUR 185,40 (Compra 184,50 Venda 186,30) – Variação (+/-) 0%

Taxas dos Bancos Comerciais em Angola
2.1 – Divisas
USD 169,25 (Compra 166,75 Venda 171,75) – Variação (+/-) 0%
EUR 189,10 (Compra 186,30 Venda 191,89) – Variação (+/-) 0%
2.2 – Venda de Notas
USD 208,43 – Variação (+/-) 0%
EUR 232,88– Variação (+/-) 0%

3 – KINGUILAS – Compra e Venda de Notas
Taxa média aplicada pelo Mercado de Rua em Angola
USD 395,00 – Variação (+/-) 0%
EUR 440,00 – Variação (+/-) 0%

4 – PRIVATE DEALS – Compra e Venda de Divisas Bancárias
Taxas médias aplicadas através de negociação entre particulares
USD 390,00 – Variação (+/-) 0%
EUR 415,00 – Variação (+/-) 0%

BNA – Venda de Divisas (16.10 a 20.10.2017)

No período em análise, o BNA realizou vendas de divisas ao mercado no montante de EUR 226,3 milhões (equivalente a USD 252,9 milhões) para as seguintes operações:

  • EUR 152,2 milhões para cobertura de operações do Sector Petrolífero;
  • EUR 27,0 milhões para cobertura de operações de Bens Alimentares.
  • EUR 12,0 milhões para cobertura de operações do Sector da Agricultura;
  • EUR 9,0 milhões para cobertura de operações de Cartões de Pagamento Internacional;
  • EUR 9,0 milhões para cobertura de operações com Viagens, Ajuda Familiar, saúde e educação;
  • EUR 9,0 milhões para cobertura de operações de Salários de Expatriados;
  • EUR 5,8 milhões para cobertura de operações do Sector das Pescas;
  • EUR 2,5 milhões para cobertura de operações de fornecedores do BNA;
A taxa de câmbio média de referência de venda do Dólar Americano do mercado cambial primário, apurada ao final da semana foi de USD=Kz 166,748.
A taxa de câmbio média de referência de venda do EURO do mercado cambial primário, apurada ao final da semana foi de EUR=Kz 186,302.