KPMG: Banking sector with challenging years ahead in Angola

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The multinational consultancy firm KPMG believes that in Angola’s banking sector “2015 and the subsequent years will be extremely challenging for the market and the Financial Institutions, which increasingly need to demonstrate that their business models are sustainable and resilient”.

This statement is included in an analysis made by Vitor Ribeirinho, a partner and Head of Audit of KPMG Portugal and also Head of Audit and Financial Services of KPMG Angola. According to this analyst: “The increase in the contribution of financial services to the global performance of financial intermediation, the reduction of foreign exchange operations and structural profitability of the banking system have resulted in a growing concern about how effective are pricing models”.

For further information, you may read the all article here, in KPMG’s blog about Africa.

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