Standard Bank Angola became a trading member of the Angola Debt and Securities Debt Exchange (Bodiva) as part of a contract signed Tuesday in Luanda, Angolan news agency Angop reported.
The chief executive of Standard Bank Angola, António Coutinho said signing the contract was important for his bank and added “it is a way to contribute to the development of Angola’s economy.”
Pitta Groz added that with the entry of the Standard Bank Angola, four financial institutions have signed the contract for admission as quality trading members, namely Banco de Fomento Angola (BFA), the Banco Angolano de Investimentos (BAI) and Banco Millennium.
Last Friday in Luanda the chairman of the Angola Debt and Securities Exchange, António Furtado said that by the end of the year the exchange would have seven intermediaries offering Treasury Bond trading services.
Furtado was speaking at a meeting organised by the Angola/United States Chamber of Commerce entitled “How to finance your projects and increase capital through the Angola Debt and Securities Exchange.” (macauhub/AO)