Banco de Desenvolvimento de Angola

{{short description|Angolan bank}}

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{{Infobox company

| name = Banco de Desenvolvimento de Angola

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| type = Publicly owned

| industry = Banking

| founded = July {{Start date and age|2006}}

| founder = Government of Angola

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| website = {{URL|www.bda.ao}}

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Banco de Desenvolvimento de Angola (English: Development Bank of Angola) (BDA) is the public bank of Angola to finance investments in "strategic long-term economic development" of the country. It was created July 2006 by government decree No. 37/06.

The BDA administers the Fundo Nacional de Desenvolvimento - FND (National Development Fund - NDF) which is supplied by 5% of the fiscal results of the petroleum industry of Angola and 2% of the fiscal results of the diamond activities of Angola.

In 2008, the bank financed projects worth 8.7 billion Kwanzas, corresponding to about $US 116 million.

See also