New oil legislation will give Angola's currency and banks a boost, but for some, non-performing loans are spreading at an alarming rate. Banks in Angola are growing and diversifying fast, pulled in the slipstream behind the oil and gas economy, although their profits have been hit by lower interest rates and higher levels of bad debt.
In 1999, Angola had just six banks; now London-listed Standard Chartered hopes to become the 24th bank with a full operating licence. Standard Chartered
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