Central Bank of São Tomé and Príncipe
Encyclopedia
Central Bank of São Tomé and Príncipe (Portuguese: Banco Nacional de São Tomé e Príncipe) is the central bank of the Democratic Republic of São Tomé and Príncipe
.
, into the National Bank of São Tomé and Príncipe
, which took on the functions of central bank, development bank, and commercial bank. The government created a monobank by bringing the only other commercial bank in the country, the Banco Popular de Angola (formerly Banco Comercial de Angola and now Banco de Poupança e Crédito
), under the control of Banco Nacional and by merging its savings bank, the Caixa de Crédito.
In 1992, a reform law resulted in the National Bank giving up its development and commercial banking functions, focusing on central banking. With that reform, the bank took on its present name. The successor bank for the commercial banking functions was Banco Internacional de Sao Tome e Principe
.
São Tomé and Príncipe
São Tomé and Príncipe, officially the Democratic Republic of São Tomé and Príncipe, is a Portuguese-speaking island nation in the Gulf of Guinea, off the western equatorial coast of Central Africa. It consists of two islands: São Tomé and Príncipe, located about apart and about , respectively, off...
.
History
At independence in 1975, the government converted the local branch of the Portuguese colonial bank, Banco Nacional UltramarinoBanco Nacional Ultramarino
Banco Nacional Ultramarino was a Portuguese bank with operations throughout the world, especially in Portugal's former overseas provinces. It ceased existence as an independent legal entity in Portugal following its merger with Caixa Geral de Depósitos, the government-owned savings bank, in...
, into the National Bank of São Tomé and Príncipe
National Bank of São Tomé and Príncipe
The National Bank of São Tomé and Príncipe is the former name of the central bank of the Atlantic Ocean island nation of São Tomé and Príncipe. The current name is Central Bank of São Tomé and Príncipe.-See also:*Central banks and currencies of Africa...
, which took on the functions of central bank, development bank, and commercial bank. The government created a monobank by bringing the only other commercial bank in the country, the Banco Popular de Angola (formerly Banco Comercial de Angola and now Banco de Poupança e Crédito
Banco de Poupança e Crédito
Banco de Poupança e Crédito is a government-owned, full service bank in Angola. With some 68 branches, including one in Cabinda, it has the largest branch network in the country.-History:...
), under the control of Banco Nacional and by merging its savings bank, the Caixa de Crédito.
In 1992, a reform law resulted in the National Bank giving up its development and commercial banking functions, focusing on central banking. With that reform, the bank took on its present name. The successor bank for the commercial banking functions was Banco Internacional de Sao Tome e Principe
Banco Internacional de Sao Tome e Principe
Banco Internacional de São Tomé e Príncipe is the largest and oldest commercial bank in São Tomé and Príncipe. It consists of a head office and three branches.- History :...
.
External links
- Official website (Portuguese)