Banco de Poupança e Crédito (BPC; English: Savings and Credit Bank) is a government-owned, full service bank in Angola. With some 68 branches, including one in Cabinda, it has the largest branch network in the country.[1]
Overview
BPC is a large financial services institution serving the retail banking market in Angola, with focus on the small and medium enterprises in the country. As of 2016, BPC was the largest public bank in Angola. It was also the second largest commercial bank in the country by market share, accounting for 23.4 percent of all banking customers in the nation at that time.[2]
History
In 1956 the Banco Comercial de Angola was founded in Lisbon, but with half the shares being in the hands of the Belgian Banque de Bruxelles. It immediately opened an office in Luanda. The bank transferred its head office to Luanda in 1967. Later the bank was owned by the Banco Português do Atlântico.