Banco Sol activates new Oil & Mining Desk space and reinforces specialization in the corporate segment.

The entity's CEO guarantees that the Oil and Gas office is the bank's next step in its customer segmentation strategy, as it has been doing to date.

This Saturday, the 14th, Banco Sol took another important step in its customer segmentation strategy with the activation of the Oil & Mining Desk, a unit that already existed in the bank's organic structure that, until now, operated in the headquarters building and which will now operate in its own space.

According to the note sent to the Kieto Economia editorial team, this change aims to provide specialized and efficient service to customers in the oil, gas and mining sector, ensuring a greater understanding of the entire value chain (upstream, midstream and downstream).

For the Chairman of the Executive Committee, Dr. Osvaldo Lemos Macaia, “this is another step in the customer segmentation strategy, as we have been doing to date. With this initiative, we ensure greater specialization in the business segment, with emphasis on the Oil & Gas and mining sectors.”

Complementing these statements, Banco Sol's CFO, Dr. Vladmir Cunha, highlighted the concrete results that this specialization has been generating in the sector.

“Among the various operations that Banco Sol has developed in the sector, it is worth highlighting solutions such as liquidity advance credit operations to support and manage treasury, which allow companies in the oil sector to manage their cash flows and accounts payable and receivable cycles more efficiently, ensuring early liquidity”, highlighted the person in charge.

The CFO also highlighted the Bank's participation in strategic operations throughout 2024, namely, the financing granted to ETU ENERGIAS, which aims to support and provide tools that ensure the efficient management of the Company's liquidity and treasury and the integration into an international banking syndicate led by Standard Chartered Bank, African Export-Import Bank, Société Générale and Standard Bank of South Africa Limited, to finance Sonangol Finance (100% owned by Sonangol E.P.).

These initiatives reinforce Banco Sol's commitment, as well as its ability to support both local and international companies (owned by Angolan companies) in strategic projects.

Finally, this unit reinforces, the note says, the bank's efforts to serve our Customers with excellence and reaffirms our strategic commitment to this vital sector. We firmly believe that the development of the oil industry is essential for Angola's sustainable growth.