Condomínio Belas Business Park
Edifício Cuando Cubango
8° Andar Talatona
Tel: +244 226 43 25 00
Fax: +244 226 43 08 34
Standard Bank line: +244 923 19 08 88
Standard Bank Angola started the banking operations in Angola on the 28th of September, 2010. The core focus of Standard Bank Angola is on banking the large corporates, the suppliers and clients of these large corporates and the employees of the companies we work with. We consider larger corporates the local companies with revenues above USD100M or Multinationals’ present in Angola. Our bank has financed large scale projects namely in the energy sector. We have closed a number of international finance transactions for these projects. The Oil & Gas sector is one of the key sectors where we are the predominant transactional bank for this industry. We also have invested in other sectors as the economy diversifies.
The outlook for our operations is very positive. We have grown more than 100% in revenues and in assets this year. We expect to continue growing well above the market growth rate as clients understand Standard Bank’s differentiating factors in terms of financial strength, innovation and quality of service. We started this journey four years ago with a team of six people and today we are close to 500 employees spread across the country, 27 branches, six international awards and the reference bank in Angola for international clients.
Angola is considered a priority market for Standard Bank Group. This economy is very important within the Sub-Saharan African context and our objective is to have Standard Bank Angola being an important net contributor to Standard Bank Africa revenue. Standard Bank will continue to support the Angolan operations as the country has very good prospects of growth. We do not see a contraction on the Angolan economy in the immediate future. Therefore, we plan to participate in this growth along side with the investment being made in the country by the international investor community.
The key trends we plan to see include the increasing penetration of e-banking in the banking transactions by replacing a cash led system. The spread of mobile phones and internet will shift clients to use more and more electronic payments rather than cash. This is only possible as long as local currencies remain relatively stable and are regarded as safe by clients. This is already happening in Angola, where the dedolarization of the economy is gaining momentum and inflation continues to decrease. The capital markets will also play a more relevant role in the future. The speed at which this will occur will depend on the steps towards implementation of good accounting practices by the companies and the creation of a strong local institutional investor community.
Standard Bank in Angola strives to become the Bank of Choice to clients in Angola through our personal and business banking and our corporate and investment banking teams. We offer banking and other financial services to individuals, small-to-medium enterprises and large corporates. All at Standard Bank are delighted to invite you to discuss your financial needs with us at any time.
Standard Bank has a 150 year history in South Africa and started building a franchise outside southern Africa in the early 1990s. In recent years, Standard Bank has concluded key acquisitions on the African continent. Africa is at our core and we will continue to build first-class on-the-ground banks. The group has more than 1 000 branches on the African continent and representation in key global financial centres. The group’s 52 000 employees across all regions deliver a complete range of services across personal and business banking, corporate and investment banking and wealth management. Standard Bank's Corporate & Investment Banking division offers its clients banking, trading, investment, risk management and advisory services to connect selected emerging markets to Africa and to each other. It has specific global sectoral expertise, particularly in natural resources, with value propositions in: mining and metals; oil and gas; power and infrastructure; and telecoms and media.