Banking uses permanent liquidity provision with daily average of 20.3 billion kz

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Banking uses permanent liquidity provision with daily average of 20.3 billion kz

In the week 14 to 18 of this month, commercial banks used the Banco Nacional de Angola (BNA) Overnight Maturity Facility for Overnight Maturity (FCO), at a daily average of 20.3 billion kwanzas.

In the same period, according to data from the Central Bank, 66 lending and liquidity borrowing operations in national currency amounted to 263.3 billion kwanzas.

National currency transactions were carried out at an average interest rate of 12.75% per year, according to information published on the BNA’s official website. In week 7 to 11, the daily average to which commercial banks resorted to FCO was higher, amounting to 31 billion kwanzas.

In the same period, 92 operations were carried out in the interbank lending and liquidity borrowing market in the amount of 344.7 billion kwanzas, with an average interest rate of 13.01% per year.

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