Ver Angola


Bodiva and International Investment Bank sign memorandum to create innovative products

The Angolan Debt and Stock Exchange (Bodiva) and the International Investment Bank (IIBANK) signed this Friday a memorandum of understanding aimed at creating innovative products within the scope of the Capital Market, structuring and placement of financial instruments, among others.


According to a statement from Bodiva sent to VerAngola, the memorandum now signed also aims at developing human capital through sharing knowledge and promoting education and financial literacy.

"The Angolan Debt and Stock Exchange – Sociedade Gestora de Mercados Regulamentados, SA celebrated today [Friday], March 17, in Luanda, a memorandum of understanding with the International Investment Bank (IIBANK), which aims to joint creation of innovative products, within the scope of the Capital Market, structuring and placement of financial instruments, as well as the development of human capital through the sharing of knowledge and the promotion of education and financial literacy", reads the statement.

According to the note, the formal act took place at Bodiva's premises, with the signatures being the responsibility of the presidents of the Executive Committees of Bodiva and IIBANK, respectively, Walter Pacheco and Francisco Ferreira.

Bodiva administrators were also present on the occasion, as well as the presidents of the Cape Verde and Mozambique Stock Exchanges, who, together with IIBANK, participated in the Bodiva Forum, which took place on Wednesday.

"The rapprochement with IIBANK is one of the results of the cooperation agreement between Bodiva, BVC and BVM, signed in 2022, which aims, among other strategic axes, to promote the development of new products and services, as well as to increase literacy levels finance, having as a fundamental pillar the exchange of experiences between the three markets", stresses the statement.

IIBANK, adds the note, concerns a "rooted and important financial institution, duly authorized by the Bank of Cape Verde to carry out banking activity and a pioneer in the structuring and issuing of sustainable bonds in that country".


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