Forecast: Number of Commercial Bank Branches in Angola

The number of commercial bank branches in Angola has seen significant fluctuations over the years. From 2013 to 2015, there was a growth trend, reaching a peak in 2015. However, subsequent years saw a decline, with minor stabilizations in 2016 and 2017 followed by sharper drops from 2018 onwards. In 2023, the number of branches stood at 7.33 establishments per hundred thousand adults. Over the last two years (2022-2023), there has been a considerable decrease of 5.66% year-on-year. The Compound Annual Growth Rate (CAGR) for the last five years (2018-2023) averaged at -5.03%, indicating a consistent downward trend.

Future forecasts suggest a continuing decline, with a projected value of 5.7 establishments per hundred thousand adults by 2028. The forecasted 5-year CAGR stands at -3.83%, with an overall growth rate of -17.75% during this period. This indicates that the market is expected to shrink further, although at a somewhat reduced rate compared to the previous five years.

Future trends to watch for include the impact of digital banking innovations, which could further reduce the need for physical branches, and potential economic factors that might affect the banking sector's structure and distribution. Monitoring regulatory changes and the broader economic environment will also be crucial to understanding the future trajectory of commercial bank branches in Angola.