April 2015

  • BPC creates micro finance bank

    BPC creates micro finance bank

    27.04.2015

    The fight against poverty and economic diversification, as well as other programmes are the priorities of the Angolan government.

    In this regard, the Savings and Credit Bank (BPC), as a partner of the Angolan state for social policies, decided on Friday in Luanda to create the “Micro Finance Bank”, during the review ordinary session of the General Meeting of Shareholders of the bank.

    The information was disclosed at a press conference by the Director of Marketing and Image, Sónia Antas, on the sidelines of the ordinary meeting held in the temporary head offices of the bank.

    “The creation of the Micro Finance Bank emerges from the need for a better use of micro finance funds focused on the Programme of Combating Hunger and Poverty outlined by the government”, the official stressed.

    With the creation of the Micro Finance Bank, BPC offers once more to Angolan families, cooperatives and other entrepreneurs, exclusively, funding and meets the needs of citizens.

    The Micro Finance Bank will be based in Huambo province and during the first phase, it shall have offices in five provinces of Angola.

    "This bank will be created with BPC funds and shall periodically spread its activity to other provinces. The aim is to get closer to families”, the director assured.

    Families, as well as cooperatives, will be able to obtain loans as from the beginning of 2016, a stage in which the first branch of the Micro Finance Bank is expected to be inaugurated.

    BPC is the largest commercial bank in Angola with branches scattered throughout the country.

    In its gallery, it has a variety of national and international awards, thus ensuring the hegemony of this bank that has been serving its customers for fifty-eight years.


BPC creates micro finance bank

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