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
1960s in Angola 1960s in Angola The 1960s in Angola were marked by the War of Independence (1961–1975). Portuguese police arrested Agostinho Neto of the MPLA and future President of Angola (1975–1979) in 1960 for the third time. Delegates discussed Cabinda's self-determination in relation to Angola at the 4th Commission of the United Nations on Decolonization in New York in 1962. Cabinda became a member of the Organisation of African Unity (OAU) as the 39th colonized country in 1964. Angola's industries grew by an annual average rate of 17% in the 1960s as ethnic Europeans seized natives' lands and increased mineral production. Mineral