Banco de Poupança e Crédito (the name means bank of savings and credit) is a government-owned, full service bank in Angola. With some 68 branches, including one in Cabinda, tt has the largest branch network in the country.

[edit] History

In 1956 the Banco Comercial de Angola was founded in Lisbon, but with half the shares being in the hands of the Belgian Banque de Bruxelles. It immediately opened an office in Luanda. The bank transferred its headoffice to Luanda in 1967. The bank came to be owned by the Banco Portugûes do Atlántico.

In 1971, Barclays Bank received shares in Banco Portugûes do Atlántico in return for contributing its branches in Mozambique to Banco Comercial de Angola.

After independence in 1975, the Angolan government nationalized the bank and changed its name to Banco Popular de Angola. At about the same time, the government in São Tomé and Príncipe nationalized its branch in that country, incorporating it into what is now the Central Bank of São Tomé and Príncipe. Banco Comercial de Angola also had an office in Macau that in 1974 became Banco Comercial de Macau, as a subsidiary of Banco Portugûes do Atlántico. The Government of Mozambique nationalized the operations there belonging to the bank, incorporating them into the monobank, the Banco de Moçambique.

In 1991, the government changed the name of Banco Popular de Angola to the present Banco de Poupança e Crédito.

[edit] External links

• (Portuguese) Banco de Poupança e Crédito

v • d • e Economy of Angola Currency: Angolan kwanza Banking Banking  · Banco Nacional de Angola  · Banco Africano de Investimentos  · Banco Angolano de Negócios e Comércio · Banco BIC  · Banco do Brazil, SA · Banco Comercial Angolano · Banco do Comércio e Indústria · Banco de Desenvolvimento de Angola  · Banco Espírito Santo Angola  · Banco de Fomento Angola  · Banco Mundial · Banco Paribas · Banco Privado Atlântico  · Banco de Poupança e Crédito  · Banco de Negócios Internacional · Banco Quantun Capital · Banco Regional do Keve · Banco Sol · Banco Totta de Angola · Banco Millenium Angola · Banco VTB Africa · Finibanco AngolaNovo Banco Communications Airports · Communications  · Companies  · History of Trade  · Trade unions  · Transportation Industries: Agriculture  · Coffee  · Engery  · Fishing  · Mining  · Petroleum  · Tourism

This Angola-related article is a stub. You can help Wikipedia by expanding it. v • d • e

This African bank or banking-related article is a stub. You can help Wikipedia by expanding it. v • d • e