Radar > 224316

Banco Privado Atlântico plans expansion in another European country, Namibia and Mozambique

Banco Privado Atlântico vai se expandir para outro país da Europa, Namíbia e Moçambique

Intel ID : 224316
Synopsis

Banco Privado Atlântico is planning its expansion abroad by opening a branch in a country in the Eurozone. Although, it has not been possible to establish in which country it will be, it is estimated the bank with Angolan investors will invest in a market where there is potential for companies exporting to Africa, especially Angola. The process has started and should be finished by the end of the year.

In addition, and as part of the expansion plan, Banco Atlântico will also open a branch in Namibia, by June 2015, and in Mozambique, where it already has a license. Unlike other Angolan financial institutions, Banco Privado's expansion will be carried out through its Portuguese subsidiary, Atlântico Europa.
(content in portuguese)

O Banco Privado Atlântico prepara-se para dar o salto a partir de Portugal e vai abrir uma sucursal num país da Zona Euro. Embora ainda não tenha sido possível apurar qual será o país, especula-se que o banco de capitais angolanos irá apostar num mercado onde há potencial de empresas que exportam para África, sobretudo para Angola. O processo já deu início e tudo aponta para que esteja concluído até ao final do ano.

Ainda no âmbito do seu plano de expansão, o Banco Atlântico vai ainda abrir uma sucursal na Namíbia, até junho, e também em Moçambique, onde já recebeu a licença. Ao contrário de outras instituições financeiras angolanas concorrentes, a expansão do Banco Privado será feita a partir do braço português, ou seja, através do Atlântico Europa.

Intel ID 224316
Value ND
Native Currency Euro (EUR)
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Target

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.08 Investment Banking & Brokerage Services
25 Financial Services / 25.01 Banking & Investment

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Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Website
Description

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verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.