Four banks from Angola and Mozambique amongst Africa’s 100 largest

20 November 2006

London, United Kingdom, 20 Nov – Two banks from Angola and two from Mozambique are the only banks from Portuguese-speaking African countries to be part of the list of 100 Largest in Africa, according to the November edition of African Business magazine.

Headed by the Standard Bank of South Africa, the country which accounts for the five top spot, the list includes Banco de Fomento Angola, which is owned by Portuguese group BPI, in 65th place.

The list, which ranks the banks in terms of their capital, also has Angola’s Banco Africano de Investimentos in 75th position.

Mozambican banks, Banco Internacional de Moçambique and BCI Fomento appear in 78th and 79th places, respectively, the former owned by Portuguese group BCP and the latter a joint venture between Portuguese groups Caixa Geral de Depósitos and BPI.

While the best-placed bank from a Portuguese-speaking country – Banco de Fomento Angola – has capital of US$72 million, South Africa’s Standard Bank, which heads the list, has capital of US$5.305 billion. (macauhub)