Angolan Bank Facility

Following recent positive developments in Angola, the Export-Import Bank of the United States (Ex-Im Bank) has approved a total of $120 million allocated among select Angolan banks to support U.S. exports to Angola. The facility will allow Ex-Im Bank to rapidly approve qualifying short-and medium-term transactions for Angolan buyers of U.S. goods and services.

Under the program, Ex-Im Bank will insure short-term transactions involving exports of consumer goods, raw materials, spare parts, commodities, and small capital equipment with a repayment period of 180 days. Ex-Im Bank’s medium-term insurance and guarantees are generally used for financing purchases of U.S. capital equipment and services with a repayment term of five years.

To facilitate Ex-Im Bank’s support of such transactions, a review of the Angolan banking sector was conducted which culminated in Ex-Im Bank’s Board of Directors approving a $120 million dollar facility. Each of the banks has been pre-approved for $30 million, which may be renewed annually. Note that The credit lines for each bank are not limits and should not be seen as the maximum amount of exposure Ex- Im Bank is willing to consider with each bank.The following is a list of the participating Angolan Banks:

Return to Top