Bank of Mozambique created Government of Mozambique took over, without compensation, the Mozambican operations of Banco Nacional Ultramarino, a Portuguese colonial bank that had been acting as the bank of issue for the colony. This became the nucleus of Bank of Mozambique. In 1977 the government also nationalized almost all banks in the country, including the Casa Bancária de Moçambique, and the Mozambican operations of Banco de Crédito, Comercial e Industrial and Banco Comercial de Angola, and merged them into Bank of Mozambique. At the same time it closed the operations of Banco de Fomento Nacional and Banco Pinto e Sotto Mayor. (The
Portuguese Angola "Estudos Gerais Universitários de Angola" in Portuguese Angola and the "Estudos Gerais Universitários de Moçambique" in Portuguese Mozambique - awarding a wide range of degrees from engineering to medicine. In the 1960s, the Portuguese mainland had four public universities, two of them in Lisbon (which compares with the 14 Portuguese public universities today). In 1968, the "Estudos Gerais Universitários de Angola" was renamed "Universidade de Luanda" (University of Luanda). From the 1940s onward, city and town expansion and modernization included the construction of several sports facilities for football, rink hockey, basketball, volleyball, handball, athletics, gymnastics and swimming. Several sports clubs