Africa-Press – Angola. More than 500 Banco Caixa Angola employees or their heirs will benefit from extra income in the event of retirement, disability or death, according to a savings plan launched by the institution.
The initiative, called Retirement Savings Plan (PPR), was launched recently, in a partnership between Banco Caixa Angola and Fidelidade Seguros, with the sole and exclusive aim of benefiting the employees of the said banking institution.
According to the bank’s executive director, Francisco Rosado Santos, the PPR is the first plan to complement the retirement of the company’s employees and also an instrument to encourage long-term savings that reflects the investment and commitment to the collective of current and future employees. .
“ Once again, in the year (2022) in which it became the first foreign capital company to be listed on the country’s Debt and Stock Exchange and about to enter its 30th anniversary in Angola, Caixa Angola makes a double commitment to financial innovation”, underlines a press release.
In this way, according to the manager, Caixa Angola gives its employees the opportunity to benefit from professional management by third parties, taking into account the generation of long-term wealth, thus meeting their future financial needs.
Likewise, adds the administrator, the plan will bring to the Angolan financial market a new product that encourages savings and collective investment in the long term.
Banco Caixa Angola was the first private banking institution to operate in the Angolan market after independence, currently having a network of more than 30 branches, and more than 500 professionals, distributed in the 18 provinces of Angola.
The Angolan banking market has a network of more or less 22 banks.
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