The US Ex-Im Bank will grant four Angolan banks at least 120 million dollars in credit, according to a press release issued here on Wednesday by the U.S. Embassy in Angola.
The credit line will be granted to the African Investments Bank, Angola's Foment Bank, Angolan Savings and Credit Bank and Angola's Espirito Santo Bank to cover the imports from the United States, said the document.
Dan Mozena, the American ambassador to Angola, said the credit facility aims to allow the four Angolan banks to provide their customers with a better service and support Angola's massive national reconstruction program.
The credit facility reflects the continuous trust of the Unite States in the future of Angola, he added.
The U.S. diplomat also appealed to the Angolan businesspeople to explore the benefits of this facility, saying officials of the U.S. Ex-Im Bank are ready to provide more credits to Angola.
Source:Xinhua
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