IBERSOL | Annual Report 2020

ANNUAL REPORT 2020 Deposits in Angola are distributed by four of the largest commercial banks in Angola - BFA, BCGA, ATL and BAI - but which do not have a rating. The quality of financial assets not due or impaired is detailed in Note 15. c) Liquidity risk Liquidity risk management implies maintaining a sufficient amount of cash and bank deposits, the feasibility of consolidating the floating debt through a suitable amount of credit facilities and the capacity to liquidate market positions. Treasury needs are managed based on the annual plan that is reviewed every quarter and adjusted daily. Related with the dynamics of the underlying business operations, the group’s treas- ury strives to maintain the floating debt flexible by maintaining credit lines available. Year 2020 Year 2019 Agency Deposits Rating Deposits Rating Standard & Poor’s Banco Santander (ES) 1.737.653 A 1.176.180 A Standard & Poor’s Banco Bilbao Vizcaya 822.113 A- 1.935.814 A- Standard & Poor’s La Caixa (ES) e Bankinter 10.289.245 BBB+ 5.123.523 BBB+ Standard & Poor’s Banco BPI 9.094.167 BBB 9.686.096 BBB Standard & Poor’s Banco Santander Totta 8.222.650 BBB 4.488.111 BBB Standard & Poor’s Banco Sabadell (ES) 3.129.181 BBB 3.511.857 BBB Standard & Poor’s Millenium BCP 3.814.145 BBB- 5.445.547 BBB- Standard & Poor’s - BB- - BB- Moody's Banco Popular - Baa1 330.742 Baa1 Moody’s - Baa2 - Baa2 Moody’s - Baa3 - Baa3 Moody's Caixa Geral Depósitos 2.867.157 Ba1 919.341 Ba1 Moody’s - Ba3 - Ba3 Moody's Banco Montepio 474.437 B1 - B2 Moody’s Banco Montepio - B3 351.749 B3 Moody’s Novo Banco 4.779.951 Caa2 2.846.633 Caa2 Not available (Angola) n/a 4.229.828 n/a 1.380.641 n/a Not available w(others) n/a 185.382 n/a 162.490 n/a 49.645.909 37.358.723 337