Angola: Angolan bank granted credit line by Spain’s Banesto

11 December 2008

Luanda, Angola, 11 Dec – Angolan bank, Banco de Poupança e Crédito (BPC) has been granted a credit line of 100 million euros by Spanish bank Banco Banesto, according to a report in Angolan newspaper Jornal de Angola.

Na addendum to the agreement, signed on 4 December, will allow Bano Banesto to provide credit lines to fund social projects, guaranteed by the Angolan government, via the Finance Ministry.

On signing the agreement, the amount provided by Banesto has risen to a total 150 million euros, whose own part is focused on importing equipment and other goods and services.

The chairman of the board of BPC, Paixão Júnior, and Foreign Markets Director of Banco Banesto, Cristina Rivuelta Garcia, headed the delegations that signed the deal.

BPC is one of the banks in Angola focused on funding social projects. (macauhub)