News Column

Angola Standard Bank Supports Investments in Energy and Transport

September 3, 2014

The Chief Executive Officer of the Standard Bank Angola (SBA), Pedro Pinto Coelho, said last Tuesday in Luanda that the bank supports the economy of Angola, capturing deposits that are converted into credits to different sections of the society.

In an interview to ANGOP, Pedro Coelho stated that the biggest support given by the bank goes to the area of infrastructures, helping the country finance infrastructures related to the sectors of transport and energy, as they are relevant areas for the country to develop and diversify the economy.

"The bank has been supporting the economy of Angola, exercising their function just like any other bank operating in the country," he said.

According to Pedro Coelho, the bank is also supporting private companies in need to see their business grow.

He explained that in the case of large projects, the bank does not use the resources of the institution itself, but looks for other investors both internally and internationally.

Standard Bank Angola is represented in nine provinces of the country and intends to expand to other regions.

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Source: AllAfrica

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