Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Standard Chartered Applies for Angolan Banking License for 2013

Standard Chartered Plc, the U.K. lender that makes most of its profit in emerging markets, has applied for a banking license in Angola and may do the same in Mozambique as it seeks to increase revenue from Africa.

“We’re applying for a license in Angola -- hopefully, we’ll have it by the end of the year,” Diana Layfield, chief executive officer of the lender in Africa, said in an interview at the World Economic Forum in Cape Town today. “Initially, we’ll focus on corporate and commercial banking. We’re having talks with Mozambique authorities next week. We’re very likely to apply for a bank license there.”

Standard Chartered already has a representative office in Angola and has set up a joint venture with a state-owned insurance company. The London-based lender, with operations in 16 African countries, plans to invest $100 million in the continent over the next three years, opening 110 branches and recruiting 950 consumer-banking employees.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.