Africa-Press – Angola. The chairman of Standard Bank Angola, Luís Teles, said that the bank will enter the Angola Stock Exchange (BODIVA) “in the next two to three years”, after the stabilization of the shareholder structure of this financial group.
“Yes, Standard Bank can be one of the banks listed on the stock exchange, we still have some work to do to prepare, but I don’t see why the bank cannot list a percentage of its capital on BODIVA”, said Luís Teles, on the sidelines of the conference on investments in Angola and Mozambique, which took place this week in Lisbon, Portugal.
Asked about the deadline for listing, the banker replied: “It depends on other shareholder situations that the bank is currently in the process of resolving, but as soon as the shareholder situation is stabilized, the bank will be interested in listing in the next two to three years”.
“The bank has a lot of experience in the capital market, it has a lot of competence in this area”, stressed Luís Teles, quoted by Lusa, recalling that it has been “at the forefront of promoting the development of the capital market in Angola, first being an operator of reference, transacting on its own behalf or on behalf of clients in the secondary market, in the primary market, in public debt, and making the first issue of corporate debt quoted in kwanzas”.
Standard Bank is headquartered in South Africa and is the largest bank operating in Africa, having been operating in Angola for over 12 years and in Mozambique for over 100 years.
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