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
Angola colonisation. It began with, and was for centuries limited to, coastal settlements and trading posts established starting in the 16th century. In the 19th century, European settlers slowly and hesitantly began to establish themselves in the interior. The Portuguese colony that became Angola did not have its present borders until the early 20th century because of resistance by groups such as the Cuamato, the Kwanyama and the Mbunda. After a protracted anti-colonial struggle, independence was achieved in 1975 as the Marxist–Leninist People's Republic of Angola, a one-party state supported by the Soviet Union and Cuba. The civil war between the