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).
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.
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.
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.
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.
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.
Rua Primeiro Congresso do MPLA, N.º 8, Caixa Postal N.º 5385
Luanda
Luanda 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.
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.
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.
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As of April 2025, Banco Económico' leadership includes:
Banco Económico has been backed by several prominent investors over the years, including:
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).
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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
VerAngola • March 5, 2024
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 Angola • February 20, 2024
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 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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