Question 1

What is Banco Millennium Atlântico?

Accepted Answer

Banco Millennium Atlântico is a leading universal bank in Angola, serving individual, corporate, and institutional clients. The bank operates a comprehensive branch network across all 18 provinces of Angola, making it one of the country's most geographically extensive financial institutions.

As one of the top five largest banks in the Angolan market, it is also recognized as one of the main private banks financing the Angolan economy. The institution plays a significant role in supporting Angola's economic development through innovative financial solutions and digital banking advancements.

Question 2

When was Banco Millennium Atlântico founded?

Accepted Answer

Banco Millennium Atlântico was formed on May 3, 2016, through the merger of Banco Privado Atlântico and Banco Millennium Angola. This was the first merger in the Angolan financial sector, combining over 20 years of banking experience from both institutions.

Banco Privado Atlântico, the predecessor institution, was originally founded on August 31, 2006, and began operations in November 2006. The bank was incorporated by public deed and received authorization from Banco Nacional de Angola (BNA) on November 6, 2006, officially starting its business activities on November 17, 2006.

The merger brought together two banks that had been acting as partners since 2008 as a result of cross-holdings between the institutions. For accounting purposes, the merger produced effects from January 1, 2016.

Question 3

Where is Banco Millennium Atlântico headquartered?

Accepted Answer

Banco Millennium Atlântico is headquartered in Luanda, Angola, specifically at Rua do Centro de Convenções de Talatona, Via S8, GU05B, Edifício Atlântico, Bloco 7/8, Bairro Talatona, Distrito Urbano da Samba.

The headquarters is located in the modern Complexo Garden Towers (also known as Torre Millennium Atlântico) in Talatona, a rapidly developing business hub in Luanda. The purpose-built office tower is designed to foster collaboration and efficiency, reflecting the bank's contemporary image and technological focus.

Question 4

Where does Banco Millennium Atlântico operate?

Accepted Answer

Banco Millennium Atlântico operates exclusively within Angola, maintaining a presence in all 18 provinces of the country. The bank achieved complete national coverage in 2012 through the expansion of its branch network.

As of December 2020, the bank operated through a network of 101 branches and 25 customer service points throughout Angola. The bank has regional offices in key cities including Benguela, where it serves the coastal area's diverse economy encompassing trade, agriculture, fishing, and services.

Question 5

What services does Banco Millennium Atlântico offer?

Accepted Answer

Banco Millennium Atlântico offers a comprehensive range of banking services across multiple business areas:

Retail Banking: Current accounts (including specialized products like "Conta Mulher"), savings accounts, time deposit accounts, consumer loans, personal credit, and mortgage loans.

Corporate and Relational Banking: Business banking services, commercial loans, and relationship management for corporate clients.

Institutional Banking: Services for public bodies and government organizations.

Private Banking: Wealth management and personalized financial services for high-net-worth individuals.

Investment Banking: Corporate finance services for acquisitions, mergers, disposals, partnerships, privatizations, project financing, structured finance, debt restructuring, and private equity services.

Digital Banking Services: The bank is a pioneer in digital innovation in Angola, offering Internet Banking, mobile banking app, *400# Agiliza (mobile banking platform for feature phones), ATLANTICO Directo phone line (923 168 168), and digital onboarding solutions. The bank introduced Angola's first digital service point in 2017 and the first direct deposit machine in 2018.

Payment Solutions: The bank launched the first ATLANTICO Card Issuing Machine, a self-service solution for issuing Multicaixa Debit Cards available 24/7.

Foreign Currency Operations: The bank provides various types of foreign currency transactions and facilitates international trade and finance through correspondent banking relationships with global financial institutions.

Question 6

What makes Banco Millennium Atlântico unique?

Accepted Answer

Banco Millennium Atlântico stands out as the first bank merger in the Angolan financial sector, creating a stronger institution with combined expertise and market presence.

The bank has been a digital banking pioneer in Angola, introducing several industry firsts including the country's first digital service point (2017), first direct deposit machine (2018), and first self-service card issuing machine. Its *400# Agiliza mobile banking platform was specifically designed for feature phones, demonstrating innovation in financial inclusion.

The bank has received multiple international awards, including being recognized as Best Investment Bank in Angola by World Finance and Global Banking & Finance Review. The institution maintains a strong commitment to social responsibility through the ATLANTICO Foundation, which implements the bank's Social Transformation Strategy, and the LOGOS project, which has been active since 2008.

The bank operates the Disruption Lab, which promotes an entrepreneurial and innovative ecosystem. In cooperation with Hemera Capital Partners, the bank launched an Entrepreneurs Impact fund targeting SMEs with a minimum commitment of AOA 3,075,000,000.

Banco Millennium Atlântico is mainly owned by private Angolan shareholders, emphasizing its local ownership structure while maintaining international partnerships.

Question 7

What type of financial institution is Banco Millennium Atlântico?

Accepted Answer

Banco Millennium Atlântico is a universal bank (banco universal) under Angolan law, regulated by Banco Nacional de Angola (BNA).

As a universal bank, the institution is dedicated to obtaining resources from third parties in the form of deposits and other instruments, which it uses, along with its own resources, for granting loans, making deposits at BNA, investing in credit institutions, and acquiring securities and other assets. The bank is fully authorized to provide a complete spectrum of banking services including retail banking, corporate banking, investment banking, private banking, and foreign currency operations.

This universal banking model allows Banco Millennium Atlântico to serve the entire financial needs spectrum of individual customers, businesses, and institutional clients within Angola's banking framework.

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