---
id: 7922
title: "Banco Económico: Best Bank Governance Angola 2019"
award_year: 2019
published: 2019-03-02 11:13:10
published_gmt: 2019-03-02 11:13:10
author: "CFI.co Editorial"
url: "https://cfi.co/awards/africa/2019/banco-economico-best-bank-governance-angola-2019/"
categories: ["Africa", "Banking", "Best Practice", "Corporate Governance"]
content_class: award_rationale
independence_status: independent_editorial
sponsor_disclosure: none
editorial_lens: constructive_positive_lens
historical_status: current_at_publication
correction_status: none
archive_policy: no_delete
provenance_layer: github_versioned
wayback_status: archived
wayback_first_snapshot: 20260525071715
wayback_snapshot_url: "http://web.archive.org/web/20260525071715/https://cfi.co/awards/africa/2019/banco-economico-best-bank-governance-angola-2019/"
license: CFI-OAAL-1.0
content_sha256: fd17c56017a195d07fc5425a558bc157a4f8300f01ceca46a9acf830a5975aad
canonical: 7922-banco-economico-best-bank-governance-angola-2019.json
---
# Banco Económico: Best Bank Governance Angola 2019
> Verbatim archived copy. Canonical machine record: `7922-banco-economico-best-bank-governance-angola-2019.json`.
The future is digital – and Angolan commercial and investment bank Banco Económico should know. The financial institution has an innovation-driven growth strategy designed to propel company and country to greater prosperity. Banco Económico was founded in 2014 and it differentiates itself from the competition with attractive saving plans, profitable investment solutions, and strong ethical standards. The bank has a new hand on the tiller, with CEO Pedro Cruchinho stepping up to guide development and fortify its already solid governance practices. Additional levels of governance and a network of interlocking committees and commissions provide Banco Económico with an overarching understanding of the rapidly evolving Angolan economy. With the conviction that “there are no successful businesses in failing societies”, Banco Económico aims to be a transformative agent for economic development, and a catalyst for social responsibility. The bank has programmes in place to support environmental, educational and cultural initiatives. It funds scholarships, sponsors a cultural museum, donates medical equipment and supplies, and has begun to construct community schools. The bank leads by example and has mobilised its workforce — which it counts as a key strength — to take up the mantle of social responsibility. After following the bank’s development over the past few years, the CFI.co judging panel is pleased to see it has maintained its strong ethical compass, self-sufficient status and high liquid capital assets. Banco Económico – with two previous CFI.co award wins to its name – has been announced as winner of the 2019 Best Bank Governance (Angola) award.