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Banco Económico's Overview

Total employees909
HeadquartersLuanda
Founded1990

Banco Económico S.A. is a significant Angolan bank dedicated to fostering the nation's economic development. It provides a wide array of financial products and services tailored for individual clients, Small and Medium-sized Enterprises (SMEs), and large corporations. Emphasizing customer-centricity and technological innovation, Banco Económico strives to deliver accessible, efficient, and modern banking experiences. The bank plays a crucial role in Angola's financial landscape, contributing to financial inclusion and supporting the growth of various economic sectors within the country. It was formed from the former Banco Espírito Santo Angola (BESA).

Where is Banco Económico's Headquarters?

HQ Function

The headquarters manages all central administrative and operational functions, including strategic direction, corporate governance, risk management, treasury operations, and coordination of the bank's extensive branch network and services throughout Angola.

Notable Features:

The headquarters is housed in a modern building in Luanda's financial district, equipped to support complex banking operations. While specific unique architectural details are not widely promoted, its presence signifies the bank's stability and importance in the Angolan financial system.

Work Culture:

The work culture at Banco Económico's headquarters emphasizes professionalism, ethical conduct, innovation in financial services, and a strong customer focus. Employees are encouraged to collaborate and contribute to the bank's mission of supporting Angola's economic progress.

HQ Significance:

Its Luanda headquarters is pivotal, placing Banco Económico at the heart of Angola's economy, facilitating direct engagement with regulatory authorities, corporate clients, and key national stakeholders, and steering its strategic initiatives.

Values Reflected in HQ: The headquarters aims to reflect values of solidity, modernity, efficiency, transparency, and a deep commitment to serving the Angolan people and its economy.

Location:

Banco Económico's primary operational focus is within Angola. Its international activities are primarily conducted through a network of correspondent banking relationships with global financial institutions. These partnerships facilitate essential services such as international trade finance, foreign currency transactions, and remittances for its Angolan clientele. The bank does not maintain a significant network of physical international branches, concentrating its resources on serving the Angolan market and its connections to the global economy.

Street Address:

Rua Primeiro Congresso do MPLA, N.º 8, Caixa Postal N.º 5385

City:

Luanda

State/Province:

Luanda Province

Country:

Angola

Banco Económico's Global Presence

Benguela, Benguela Province, Angola

Address: Largo da Estação Caminho de Ferro, Benguela

To support local commerce, industry (including fisheries and agriculture), and personal banking needs in Benguela Province, contributing to regional economic development.

Huambo, Huambo Province, Angola

Address: Rua Comandante Bula, Huambo

To cater to the financial requirements of one of Angola's most populous provinces and key agricultural hubs, facilitating business growth and individual financial well-being.

Cabinda, Cabinda Province, Angola

Address: Avenida Dr. António Agostinho Neto, Cabinda

To provide specialized financial services in an economically vital exclave, supporting its unique industrial base and contributing to the local economy's stability and growth.

Buying Intent Signals for Banco Económico

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of Banco Económico

As of April 2025, Banco Económico' leadership includes:

Victor Pedro Duarte Cardoso - Presidente da Comissão Executiva (CEO)
Carla Luísa Gonçalves de Ceita Fortunato de Almeida - Administradora Executiva (Executive Director)
Eduardo Mohamed Olim Alí Davda - Administrador Executivo (Executive Director)
Joel Nelson Quiala Lunga - Administrador Executivo (Executive Director)
Michel William Ceita Gavião de Almeida - Administrador Executivo (Executive Director)
Wilson Nelson da Silva Fortes - Administrador Executivo (Executive Director)

Investors of Banco Económico

Banco Económico has been backed by several prominent investors over the years, including:

Sonangol EP (Angolan National Oil Company - stake reported to be undergoing a divestment process)
Lektron Capital SA
Geni S.A. (Novas Tecnologias)
Novo Banco S.A. (Portugal - historical investor, current stake status may vary)

Executive New Hires/Exits in the Last 12 Months

Hire0
Exits0

Specific executive hires or departures at Banco Económico within the last 12 months are not widely reported in publicly accessible international news sources. Major leadership changes are typically announced via official bank communications or specialized Angolan financial media. Based on the bank's official website and available public information as of early 2024, the core executive team under CEO Victor Pedro Duarte Cardoso appears to be consistent. Any significant changes would likely involve appointments to the Executive Committee (Comissão Executiva) or the Board of Directors (Conselho de Administração).

Technology (Tech Stack) used by Banco Económico

Discover the tools Banco Económico uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Banco Económico Email Formats and Examples

Banco Económico likely adheres to standard corporate email address formats. Common patterns include using the first initial and last name, or first name separated by a dot from the last name, followed by the '@bancoeconomico.ao' domain. The exact primary format is not publicly disclosed.

[first_initial][last_name]@bancoeconomico.ao (e.g., jdsilva@bancoeconomico.ao) or [first_name].[last_name]@bancoeconomico.ao (e.g., joao.silva@bancoeconomico.ao)

Format

vcardoso@bancoeconomico.ao (example pattern for CEO Victor Cardoso)

Example

70%

Success rate

News and media

VerAngolaMarch 5, 2024

Banco Económico and Pé de Pano Association join forces to promote social entrepreneurship

Banco Económico has partnered with Associação Pé de Pano to launch initiatives aimed at fostering social entrepreneurship in Angola. The collaboration will focus on supporting projects that generate positive social impact and contribute to community development....more

Forbes AngolaFebruary 20, 2024

Banco Económico strengthens partnership with AEGGTA for the growth of the fishing sector

Banco Económico has renewed its partnership with the Association of Fishing Companies of Angola (AEGGTA) to provide continued financial support and specialized solutions for the development and growth of the Angolan fishing industry....more

Banco Económico (citing The Banker Magazine)December 1, 2023

Banco Económico named 'Bank of the Year in Angola 2023' by The Banker Magazine

Banco Económico was recognized as the 'Bank of the Year in Angola 2023' by the prestigious international financial magazine, The Banker. This award acknowledges the bank's strong performance, strategic initiatives, and significant contribution to the Angolan financial sector throughout the year....more

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