Ver Angola

Banking and Insurance

Standard Bank increases share capital to 21 billion kwanzas

Standard Bank of Angola (SBA) increased its share capital to 21 billion kwanzas, considering the need to adapt to the minimum value of share capital imposed by the regulator.


In a statement sent to VerAngola, the banking institution explains that the capital increase was carried out in accordance with Notice no. 17/2022 of October 5th, from the National Bank of Angola.

“This capital increase, above the minimum of 15 billion kwanzas required by the regulator, reinforces Standard Bank of Angola's commitment to the Angolan financial system. We are working to consolidate our presence as a reference institution in the market”, stated Luís Teles, CEO of the SBA.

Standard Bank claims to be a solid institution, “consistently recognized as a reliable and sustainable financial institution”, with a role in supporting Angola's growth.

With more than 160 years of experience, the Standard Bank Group is the largest financial institution in Africa, present in 20 countries on the continent and with a presence in the main financial markets worldwide.

In Angola it has a commercial network made up of 16 branches, 3 private suites, 3 company centers, 83 banking agents, 103 ATMs and a service point. The bank is located throughout the territory, namely in the provinces of Cabinda, Luanda, Benguela, Huíla, Huambo and Namibe.

The SBA also states that cooperation with the Standard Bank Group allows the institution to provide its customers with “a range of differentiated financial services solutions and access to best practices and international knowledge”.

Since the beginning of its activity in the country, the bank has received more than 40 awards, including 'Best Bank for Foreign Exchange Operations 2023', 'Best Investment Bank in Angola 2022' and 'Best Bank in Angola 2022 '.

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