Angolan Development Bank (BDA) has announced plans to reinforce the financing to the economy with a credit portfolio of up to US$250M this year.
This was confirmed by the CEO of this financial institution, Henda Inglês, while speaking at the Benguela International Fair (FIB) on Friday,
The new BDA loan portfolio was launched in April this year in the northern province of Cuanza Norte and is in line with the Government’s goal to boost the support for national production and, in particular, business projects for entrepreneurs in the primary and secondary sectors of the economy.
Presenting four new BDA financial products, as part of the said credit portfolio, the manager admitted that 125 million of this amount will be secured by a Deutsche Bank credit line.
Deutsche Bank has US$1B available to secure the funding of the projects for diversification of the economy.
The US$125M amount will be earmarked for the needs of producers to promote national production.
The BDA’s CEO also guaranteed that the financial and credit institution’s intention to make this new financing portfolio available to all economic sectors, including agriculture and the manufacturing industry.