Deutsche Bank Said Last Lender to Stop Angola Dollar Clearing
- Frankfurt-based bank said to have stopped services last month
- Angola ranks among 20 most corrupt nations in the world
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Deutsche Bank AG stopped providing dollar clearing in Angola, leaving one of Africa’s biggest oil-producing nations without a lender to supply the service, according to three people with knowledge of the matter.
The company ceased dollar clearing for Angola in mid-November, said two of the people, who asked not to be identified because they’re not authorized to speak to the media. The Frankfurt-based lender was the only European bank providing clearing to banks in Angola, one person said.