VOL. NO: 48      DATE:
 

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AFRICAN ECHO BUSINESS NEWS
Complied by Cass Gilroy-Business Editor

Angolan Savings and Credit Bank signs 100 million Euros accord

A 100 euros credit line was recently signed in Luanda by the Angolan Savings and Credit Bank (BPC) and the Nueva Caja Epana, to cover import and investment operations of national public and private companies. 

Speaking to journalist after the signing of the accord, BPC managing board chairman, Paixão Júnior, said that the credit line will help create more jobs in the country. According to him, the credit will finance projects estimated at more than one million Usd, once approved by the BPC. 

The signing of the accord has been authorised and guaranteed by the Angolan Finance Ministry and is protected under Spain's private credit insurance, the source said.

 

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