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–Brazil relations Angola–Brazil relations Angola–Brazil relations refers to the historical and current bilateral relationship between Angola and Brazil. Brazil was the first country to recognize the independence of Angola, in November 1975. Commercial and economic ties dominate the relations of each country. Both countries are former colonies under the Portuguese Empire; Brazil from the early 16th century until its independence in 1822, and Angola until its independence in 1975. Due to their status as former Portuguese colonies and the transatlantic slave trade, Brazil and Angola have a long and important history of economic ties. Period of the transatlantic slave trade In 1646,