Angola Banking Sector 2013 - What will the future hold?

A decade of economic boom.
For a decade Angola has been one of the fastest growing economies in the world, with its real GDP expanding at an average annual rate of 11% in this period. Along with South Africa, Angola's GDP accounts for almost 80% of the total GDP for the SADC 15-member countries, its closest peer group. Angola is one of only six countries in this region with an income per capita above the US$ 5,000 level. However, it remains highly dollarized, but thanks to its Central Bank the appetite for loans/deposits in kwanzas has gradually increased in recent years.