Angola: BIC bank wants to close year with US$2 billion in deposits

18 December 2007

Luanda, Angola, 18 Dec – The board of Angolan bank Banco Internacional de Crédito (BIC) aims to end the 2007 year with over US$2 million in deposits, the president of the executive commission, Fernando Teles said Monday in Luanda.

Speaking to Angolan news agency Angop, Teles said that the amount of deposits accounted so far, US$1.9 billion, is made up of 60 percent in checking accounts and 40 percent in savings accounts.

Teles said that his bank had met the targets set at the beginning of the year, by increasing its customer base, deposits, loans provided and opening new branches all over the country.

In relation to loans to individuals, companies and projects linked to reconstruction of the country, the manager said that, so far, credit used is estimated at US$1.3 billion, whilst approved loans were calculated at US$1.6 billion.

Based on these figures, Teles said, BIC is the third bank offering most credit to individuals and companies, after Banco de Poupança e Crédito and Banco Fomento Angola.

BIC began its activities in May 2005, now has 220,000 customers all over the country, and employees 875 staff in 80 branches, of which 43 are based in Luanda. (macauhub)