Sao Tome bank issues islands’ first American Express cards

2 August 2007

Sao Tome, Sao Tome and Principe, 2 Aug – The National Investment Bank of Sao Tome is issuing American Express cards for the first time in the archipelago.

The bank’s CEO, Paulo Mirpuri, said Wednesday that the partnership with American Express was fundamentally designed to allow ATM withdrawals by customers anywhere in the world.

As well as giving access to internet facilities and online purchases, the green, gold and platinum cards offer interest-free credit up to 45 days, added Mirpuri.

“From now, Sao Tome’s business community won’t need to carry large amounts of cash when they travel aboard,” said the National Investment Bank chief.

Founded in 2004, National Investment Bank is a commercial and investment bank owned by the Mirpuri Group.

American Express, founded in 1850, is a United States company with business worth US$ 7.1 billion in the second quarter of the year and operating profits of US$ 1.1 billion in the same period. (macauhub)