Portuguese State Bank Caixa Geral de Depósitos Committed to Angolan Market

The Portuguese state banking group Caixa Geral de Depósitos (CGD) will continue supporting infrastructure construction projects in Angola, its CEO Paulo Macedo said in Luanda.

Speaking at the end of an audience the Angolan President, João Lourenço, Macedo (pictured above) underlined the importance of the Angolan market, and that the goal is “to continue the partnership” with Angola.

“We will continue the partnership. There are several projects in the pipeline linked to infrastructure. We will study and analyse them”, said the CEO of Caixa Geral de Depósitos.

China remains Africa’s largest trading partner for 12 consecutive years

According to the chairman of the bank’s Executive Committee, Angola plays an important role in the Caixa group, “since there are Portuguese companies, there is a Portuguese community, there is a role to play” in the country.

CGD, as a shareholder of Banco Caixa Geral de Angola, maintained its presence in Angola after a period of recapitalization and restructuring. Paulo Macedo put at EUR 4.9 billion the bank´s recapitalisation.

Macau´s Banco Nacional Ultramarino is also part of the Portuguese state banking group.

Other articles


Legal Update/ Angola: Non-Banking Financial Institutions


High-quality products from 23 African countries showcased for Chinese e-commerce