Banco Económico Financial Services and Transparency

Banco Económico's commitment to transparency is evident in its financial services.

The bank offers a range of financial products that cater to various needs, including personal loans and credit cards.

Banco Económico's financial services are designed to be user-friendly and accessible, with online platforms and mobile apps that allow customers to manage their accounts and make transactions with ease.

The bank's online platform provides a secure and transparent way for customers to access their account information and make transactions, with features such as real-time updates and notifications.

Banco Económico has made significant strides in the Angolan market, earning the nickname "banco bom" or good bank. This reputation is well-deserved, considering the bank's commitment to providing affordable housing options.

The bank's efforts have led to a notable increase in the value required for purchasing a house, now standing at 150 million Kz. This significant investment is a testament to the bank's dedication to supporting the local economy.

In addition to this, Banco Económico has expanded its services to include financing for tourism-related projects. This is an exciting development, as it opens up new opportunities for entrepreneurs and small business owners in the tourism industry.

Despite these positive developments, Angola still faces challenges in the global market. The country's prohibition on importing animal protein has put it in the crosshairs of the World Trade Organization (OMC). This restriction has significant implications for the country's agricultural sector and its ability to compete internationally.

A mere 19 African universities have made it into the top 1,000 universities globally, highlighting the need for investment in education and research on the continent.

Banco Económico prioritizes financial transparency, allowing customers to access their account information and transaction history online or through the mobile app. This transparency helps customers stay on top of their finances and make informed decisions.

The bank's online platform is user-friendly, providing a clear breakdown of account balances, transaction history, and account statements. Customers can also set up notifications to stay informed about their account activity.

Banco Económico's mobile app offers a convenient way for customers to manage their accounts remotely, including the ability to transfer funds, pay bills, and check account balances. This mobile banking feature is available 24/7, allowing customers to bank on their own schedule.

The bank's commitment to financial transparency also extends to its fees and charges, which are clearly outlined on the bank's website and in the mobile app. This transparency helps customers understand the costs associated with their accounts and make informed decisions.

By providing easy access to account information and transparent fee structures, Banco Económico empowers customers to take control of their finances and make the most of their banking experience.

Banco Económico offers a range of financial products and services, including checking and savings accounts, loans, and credit cards.

The bank has a strong presence in Angola, with over 100 branches and a large network of ATMs.

Banco Económico's online banking platform allows customers to manage their accounts, pay bills, and transfer funds from the comfort of their own homes.

The bank's customer service team is available 24/7 to assist with any queries or concerns.

Banco Económico's mobile banking app provides a convenient and secure way to access accounts and conduct transactions on the go.

The bank's ATMs are equipped with the latest technology, making it easy to withdraw cash and check account balances.

Banco Económico's loans and credit cards offer competitive interest rates and flexible repayment terms.

The bank's loan products cater to a wide range of needs, from personal loans to business financing.

Banco Económico will pay part of its debt to the State by handing over three properties. This is according to a presidential order that invokes the public interest to accept the transfer proposed by the financial institution.

The debt will be paid in exchange for an urban building with a gross area of 212 square meters located in the city of Caxite, another of 316 square meters in the Nova Vida urbanisation, and a third property with an area of 426 square meters in the city of Luanda.

Banco Económico inherited the assets of the defunct Banco Espírito Santo Angola, which was liquidated after 2014 with a large portfolio of non-performing loans, estimated at 5.7 billion dollars.

The State took control of the financial institution and injected capital of three billion dollars, which was declared insolvent.