Banco Económico: Best Bank Governance Angola 2019

The future is digital – and Angolan commercial and investment bank Banco Económico should know. The financial institution has an innovation-driven growth strategy designed to propel company and country to greater prosperity. Banco Económico was founded in 2014 and it differentiates itself from the competition with attractive saving plans, profitable investment solutions, and strong ethical standards. The bank has a new hand on the tiller, with CEO Pedro Cruchinho stepping up to guide development and fortify its already solid governance practices. Additional levels of governance and a network of interlocking committees and commissions provide Banco Económico with an overarching understanding of the rapidly evolving Angolan economy. With the conviction that “there are no successful businesses in failing societies”, Banco Económico aims to be a transformative agent for economic development, and a catalyst for social responsibility. The bank has programmes in place to support environmental, educational and cultural initiatives. It funds scholarships, sponsors a cultural museum, donates medical equipment and supplies, and has begun to construct community schools. The bank leads by example and has mobilised its workforce — which it counts as a key strength — to take up the mantle of social responsibility. After following the bank’s development over the past few years, the CFI.co judging panel is pleased to see it has maintained its strong ethical compass, self-sufficient status and high liquid capital assets. Banco Económico – with two previous CFI.co award wins to its name – has been announced as winner of the 2019 Best Bank Governance (Angola) award.