Ver Angola

Economy

Banco Económico provides five billion kwanzas to increase domestic production

Banco Económico joined the Credit Support Project, providing five billion kwanzas to boost investment projects aimed at increasing domestic production.

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The banking institution is one of the most recent signatories to the Credit Support Project, an essential tool of PRODESI. Although the agreement has only now been signed between the parties, a statement sent to VerAngola states that, in recent years, the bank's Investment Banking department has been focusing its activity on supporting projects that fit the government's bet of reversing the production cycle and stimulating economic growth.

"Companies cannot be on this mission alone. It is necessary that national banking is available and has the resources to advance eligible projects, with technical and financial support, which, in addition to the return to their investors, will also achieve other gains, namely the an increase in domestic production, a decrease in imports, savings in foreign exchange, an increase in direct and indirect jobs, and the global development of the country as a whole, "said the institution in the statement.

To ensure that credit applications reach success, Banco Económico says it has a professional team, committed to creating a medium and long-term relationship with customers capable of leading to the implementation of projects in a period of time that is advantageous for all companies. related parties.

Five billion Kwanzas is the amount that the institution made available to the National Production Support, Export Diversification and Import Replacement Program.

It is recalled that since July 30, there are already 14 banks that initialed the adhesion to the PAC.

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