National Bank of Angola which at the time was an overseas province of Portugal. In 1926, the Portuguese established a separate issue bank for Angola, creating the Bank of Angola (). BNU transferred its branch in Stanleyville to this bank, which in 1934, transferred the branch to Boma, before closing it in 1947. When Angola gained its independence in 1975, the government nationalized the banking sector. "Banco de Angola" became "Banco Nacional de Angola" (BNA); "Banco Comercial de Angola" became "Banco Popular de Angola", and is now "Banco de Poupança e Crédito". The BNA continued to function as a central bank, bank of issue
Education in Angola carried on largely by Africans with very few qualifications. Most secondary school teachers were Portuguese. In 1962, the first university established in Angola was founded by the Portuguese authorities — Estudos Gerais Universitários de Angola. This first Angolan university awarded a range of degrees from engineering to medicine. In 1968, it was renamed "Universidade de Luanda" (“University of Luanda”). The conflict between the Portuguese military and the nationalist guerrillas, the Portuguese Colonial War (1961–1974), did not damage effectively this strong education growth started in the late 1950s. However, the Angolan Civil War (1975–2002) that ensued after independence left the education