Banking market gains two new credit solutions that are expected to disburse up to 75 million Kz.

A new credit product from Banco Angolano de Investimento (BAI) was announced this Wednesday, 19th, and aims, according to the banking entity's management, to reinforce its credit commitment to the economy. Package is divided into two, with values ​​ranging up to 75 million Kwanzas.

Customers of Banco Angolano de Investimento (BAI) will benefit, in the coming days, from a new credit product. This is a PAC credit solution, aimed at promoting the national economy and provides for a maximum disbursement of up to 75 million kwanzas, the entity announced.

In practice, the PAC credit service has two types, with emphasis on simplified PAC credit, capitalized at 5 million Kwanzas, and PAC Express, with a total amount of 75 million kwanzas.

According to BAI, the products have an interest rate of 7.5% and have a maturity of up to 60 working months, serving the sector of activity or production chain.

These services were launched this Wednesday, 19th, on the sidelines of a conference called 'Forum on financial solutions (BAI credit) to support the national economy', held between the Industrial Association of Angola (AIA), and BAI, with the purpose of empowering small producers, traders and farmers.

This justifies that the product was designed as a way to improve the negative situation in access to financing for Small and Medium Enterprises (SMEs). The new financing services are presented as PAC Express, Agricultural Campaign, Liquidity Advance, National Letter of Credit, insurance and the Multicaixa Credit Card.

Banking market gains two new credit solutions that are expected to disburse up to 75 million Kz

A new credit product from Banco Angolano de Investimento (BAI) was announced this Wednesday, 19th, and aims, according to the banking entity's management, to reinforce its credit commitment to the economy. Package is divided into two, with values ​​ranging up to 75 million Kwanzas.

Jun 20, 2024 - 11:45
Banking market gains two new credit solutions that are expected to disburse up to 75 million Kz
© Photography by: DR
Banking market gains two new credit solutions that are expected to disburse up to 75 million Kz

Customers of Banco Angolano de Investimento (BAI) will benefit, in the coming days, from a new credit product. This is a PAC credit solution, aimed at promoting the national economy and provides for a maximum disbursement of up to 75 million kwanzas, the entity announced.

In practice, the PAC credit service has two types, with emphasis on simplified PAC credit, capitalized at 5 million Kwanzas, and PAC Express, with a total amount of 75 million kwanzas.

According to BAI, the products have an interest rate of 7.5% and have a maturity of up to 60 working months, serving the sector of activity or production chain.

These services were launched this Wednesday, 19th, on the sidelines of a conference called 'Forum on financial solutions (BAI credit) to support the national economy', held between the Industrial Association of Angola (AIA), and BAI, with the purpose of empowering small producers, traders and farmers.

This justifies that the product was designed as a way to improve the negative situation in access to financing for Small and Medium Enterprises (SMEs). The new financing services are presented as PAC Express, Agricultural Campaign, Liquidity Advance, National Letter of Credit, insurance and the Multicaixa Credit Card.