Banco Económico (Angola)
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Banco Económico (Angola)
Banco Económico, formerly Banco Espírito Santo Angola (BESA) renamed in 2015, after the bankruptcy of its mother house in Portugal, Banco Espírito Santo (BES), is an Angolan bank based in Luanda. Previously, BESA was affiliated with the now defunct Banco Espírito Santo, now Novo Banco, and is therefore a subsidiary of Espírito Santo Financial Group (ESFG). On 28 July 2014 it was announced that the Angola , national_anthem = " Angola Avante"() , image_map = , map_caption = , capital = Luanda , religion = , religion_year = 2020 , religion_ref = , coordina ...n state takes over the majority of Banco Espirito Angola, as its Angolan partners inject fresh capital of about US$3 billion into the Angolan bank. At the end of 2014, the largest shareholders were Sonangol, with about 35%; Novo Banco, with a 9.9% stake; Portmill's Angolan company, with 24%, and Geni group (controlled by Leopol ...
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Luanda
Luanda () is the Capital (political), capital and largest city in Angola. It is Angola's primary port, and its major Angola#Economy, industrial, Angola#Culture, cultural and Angola#Demographics, urban centre. Located on Angola's northern Atlantic Ocean, Atlantic coast, Luanda is Angola's administrative centre, its chief seaport, and also the capital of the Luanda Province. Luanda and its metropolitan area is the most populous Portuguese language, Portuguese-speaking capital city in the world and the most populous Lusophone city outside Brazil, with over 8.3 million inhabitants in 2020 (a third of Angola's population). Among the oldest colonial cities of Africa, it was founded in January 1576 as ''São Paulo da Assunção de Loanda'' by Portuguese explorer Paulo Dias de Novais. The city served as the centre of the Slavery in Angola, slave trade to Brazil before its prohibition. At the start of the Angolan Civil War in 1975, most of the white Portuguese left as refugees, princ ...
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Angola
, national_anthem = " Angola Avante"() , image_map = , map_caption = , capital = Luanda , religion = , religion_year = 2020 , religion_ref = , coordinates = , largest_city = capital , official_languages = Portuguese , languages2_type = National languages , languages2 = , ethnic_groups = , ethnic_groups_ref = , ethnic_groups_year = 2000 , demonym = , government_type = Unitary dominant-party presidential republic , leader_title1 = President , leader_name1 = João Lourenço , leader_title2 = Vice President , leader_name2 = Esperança da CostaInvestidura do Pr ...
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Finance
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitabil ...
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Financial Services
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g. Japan), non-financia ...
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