Ver Angola

Banking and Insurance

Capital of Millennium Atlântico bank will be open to international investors

Millennium Atlântico, a banking institution headed by the Angolan António Assis and the Portuguese Daniel Santos, is expected to open part of its capital later this year, by going public. The bank's capital will be open as soon as the formal announcement to that effect is made.


The information is provided by the Portuguese weekly Expresso, which states that six years after having staged the first major merger in Angolan banking, the bank, 22.5 percent owned by Portuguese capital, decided to open its capital to investors abroad. of the Lusophone space.

Citing a source close to the institution, the newspaper says that this intention has already attracted the attention of international investors, interested in what is one of the reference banks in the national financial system.

The initiative will aim to achieve greater financial strength for the institution, as well as a positive impact on the national banking system. It is stated that this IPO on the stock market has been in preparation since last year.

"Focused on attracting investors and financing lines, we proceeded to change the structure and governance system to reform the bank to the new and growing demands of the market and to good international practices", previously mentioned Daniel Santos, chairman of the Millennium Executive Committee. Atlantic, quoted by Expresso.

This dynamic resulted from the merger between Millennium Angola and Banco Privado Atlântico, allowing the new institution a central position in the national banking system.

It is recalled that Millennium Atlântico manages credit lines from institutions such as IFC and Commerzbank.

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