Talatona – The head of the Standard Bank Angola (SBA)’s Executive Committee, Luís Teles, said on Tuesday, in Luanda, that the institution he chairs is focused on promoting the country's sustainable development as a response to global challenges.
When speaking at the presentation of the Value Proposition for the Oil & Gas Sector, Luís Teles highlighted the bank's continuous investment strategy in local content, which includes training employees and allocating financial and human resources to maintain competitiveness and excellence in customer service.
According to Luís Teles, the bank, which ranks 6th in assets in the Angolan market, has reaffirmed its commitment to ethical practices and innovative solutions to meet the needs of the oil sector, which represents 90% of exports and 60% of tax revenues.
Along these lines, the SBA's Small and Medium Business Banking director, Fernando Chivinda, highlighted the institution's role in strengthening local content, generating jobs and increasing market opportunities.
He also mentioned three new credit products aimed at financing purchase orders and contracts in the sector, thus guaranteeing the competitiveness and fluidity of Angolan companies.
With 14 years in the Angolan market, SBA has 264 clients in the oil sector.
According to the National Oil, Gas and Biofuels Agency (ANPG), there are 909 certified companies and more than 1,800 registered.
The event brought together businesspeople, experts and representatives of companies in the sector and aimed to present personalized financial products, including credit solutions and specific transactions for oil and gas companies.
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