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
1970s in Angola independence of the Republic of Cabinda from Paris. The National Liberation Front of Angola (FNLA) and the National Union for the Total Independence of Angola (UNITA) forged an alliance on November 23, proclaiming their own coalition government based in Huambo with Holden Roberto and Jonas Savimbi as co-presidents and José Ndelé and Johnny Pinnock Eduardo as co-Prime Ministers. The South African government told Savimbi and Roberto in early November that the South African Defence Force (SADF) would soon end operations in Angola despite the coalition's failure to capture Luanda and therefore secure international recognition at independence. Savimbi, desperate to avoid