Afpedia Products For Sellers For Buyers Trade Shows Industrial Cluster

Online Translation

Sign In

Join Now



BOC opens branch in Angola

BOC opens branch in Angola

Image from

The bank of China has launched a new branch in Angola’s capital Luanda.Nearly 300 representatives from Angola’s and China’s political, business and financial circles attended the launch. The branch is the first Chinese bank in Angola and began operating on Tuesday.

“Angola is one of the major partners of China in Africa and it it really good that this relationship has been further consolidated by financial acts such as this. Without financial cooperation nothing can be achieved,” said an official during the ceremony.

Angola’s Central Bank Governor Valter Filipe da Silva, said that the presence of the institution will fast track the internationalization of the Angolan banking system and economy.

The bank will actively serve Chinese enterprises in Angola while supporting Angolan businesses to develop the Chinese market.

It will also focus on company businesses and will expand deposit, loan, remittance, international settlement, trade financing, financial markets and other services. As well as actively carry out Angola cross-border financing business to enterprises and customers.

It is hoped that with this new move, the two countries will continue to deepen trade ties which however still remain favorable to China, as current estimates indicate that trade volumes between the two nations reached $15.6 billion in 2016.

As an authority of media industry, we can provide you integrated brand communication on your products! Reasonable advertising prices will let you enjoy great over-valued service!”
Customized Service
Customized information such as product prices, company trends, market forecasts, price curves, etc. will help you fully grasp the latest trend!
Tailor-made, in-depth, professional research reports which will explore the business opportunities is your effective decision-making reference!
Professional and accurate trade data will help you break through the export bottleneck of products, track peer dynamics, and grasp industry trends!

Buyers Suppliers

Hot Search