BPC

Angola's largest state-owned commercial bank — historically the country's banker of last resort and a counterparty to the state Treasury.

Banco de Poupança e Crédito (BPC) is Angola’s largest state-owned commercial bank, founded in 1976 as a successor to colonial-era savings institutions. BPC has historically operated as the principal banker for state enterprises, a major holder of public-sector deposits, and the lender of last resort for strategically sensitive sectors.

Strategic position

BPC is part of the cluster of state-anchored institutions — alongside Sonangol, BNA, and the Treasury — that intermediates between the Angolan state and the commercial banking system. It has been the subject of repeated recapitalization rounds and remains under ongoing balance-sheet reform.