Banco De Fomento Angola S.A. (Angola)

Banco de Fomento Angola, S.A. is a bank located in Luanda, Angola. It was incorporated on August 26, 2002, following the transformation of the Angolan Branch of Banco BPI, S.A. into a local bank. The bank is fully owned by BPI. In 2008, BPI sold 49.9% of its stake in the bank to Unitel. Banco de Fomento Angola is primarily involved in obtaining funds from third parties in the form of deposits or other funds. These funds, along with its own funds, are then invested in the granting of loans, deposits in the Banco Nacional de Angola, investments in other banks, and the acquisition of securities or other assets. The bank also provides various banking services and performs operations in foreign currency. As of December 31, 2022, Banco de Fomento Angola has a national network of 160 branches, 11 customer service centers, 7 investment centers, 11 corporate centers, and 1 Private Banking center.