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 governments of Angola, Zambia, and Zaire signed a non-aggression pact. 1970s in Angola The 1970s in Angola, a time of political and military turbulence, saw the end of Angola's War of Independence (1961–1975) and the outbreak of civil war (1975–2002). Agostinho Neto, the leader of the People's Movement for the Liberation of Angola (MPLA), declared the independence of the People's Republic of Angola on November 11, 1975, in accordance with the Alvor Accords. UNITA and the FNLA also declared Angolan independence as the Social Democratic Republic of Angola based in Huambo and the Democratic Republic of Angola based in Ambriz.