Africa-Press – Angola. An approach to Angola’s macroeconomic update, challenges and financing solutions brought together, this Wednesday, in Luanda, staff from Standard Bank of Angola (SBA) and Chinese partners for a moment of networking.
The meeting called “Chine Day” served to reinforce the existing partnership between the Chinese and Angolan markets, bringing the two countries together and creating a single market segment.
During the meeting, the director of SBA Corporate Banking, André́ Reigota, said that China has demonstrated that it is a right partner and is available to support Chinese companies with credible products that meet the needs of large and small Angolan companies.
“In addition to being a business partner, we are also an advisor and provide advice regarding new laws imposed by sector regulators.” he explained
According to André Reigota, Standard Bank has helped customers to conduct the best business practices in a market with many challenges and constant changes, such as laws and regulators’ rules.
In turn, the PCA of the Chinese company Energy International said this event is very important for the future of Angola, especially the joint work that Standard Bank has done over the years for the development of Angola.
The SBA currently has around 500 Chinese company accounts, offering the following products: bank guarantee limits, letters of credit, issuance of bank guarantees, delivery and collection service with CCTV counting, short-term loan, BOL (internet banking ), term deposits, project financing, purchase and sale of foreign currency, international payments for importing goods.
Standard Bank is a solid institution, consistently recognized as a reliable and sustainable financial institution, with an important role in supporting Angola’s growth.
With more than 160 years of experience, the Standard Bank Group is the largest financial institution in Africa, present in 20 countries on the African continent and with a presence in the main financial markets worldwide.
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