EuroBic

EuroBic, also styled EuroBIC, was the banking brand used by Banco BIC Português, a bank based in Portugal and described in the supplied reference material as an Angolan private bank operating there. Its predecessor, Banco Internacional de Crédito, was established in 1986 as a wholly owned subsidiary of the Portuguese commercial bank Banco Espírito Santo. After Banco BIC established a separately capitalised bank in Angola in 2005, the Portuguese business adopted the name Banco BIC Português in May 2008. It used the EuroBIC name from before July 2017, according to the supplied German-language reference. The bank served both individuals and businesses. The supplied reference describes a focus on mortgage lending and financial products and services for companies involved in property projects in Angola, including project valuation, marketing and sales. It also lists construction loans, equipment and real-estate financing leases, life insurance and other insurance among the offerings associated with its activity. Its stated strategic role was to support Angolan businesspeople using Portugal as a base for expansion into Europe, manage Angolan financial assets in Europe and facilitate financial flows between Angola and Portugal. The supplied historical account records Banco BIC's purchase of Banco Português de Negócios in March 2012. It also describes significant scrutiny of the bank in 2020 in connection with its major shareholder Isabel dos Santos and investigations reported in the context of the Luanda Leaks. The account says the bank ended business relationships with dos Santos and her companies in January 2020. The present-day official-site snippet supplied for this dossier is headed ABANCA Portugal and lists ABANCA's Portugal contact details, rather than establishing that EuroBic continues to operate as a separate customer-facing brand. The evidence provided does not specify the precise timing or legal details of any brand or ownership transition.

EuroBic was the later customer-facing name associated with Banco BIC Português, a bank based in Lisbon. The supplied German-language reference traces the institution to Banco Internacional de Crédito, founded in 1986 as a wholly owned subsidiary of Banco Espírito Santo, a Portuguese commercial bank. This early history places the institution within Portugal's banking sector before its later association with Angolan banking interests. In 2005, a bank called Banco BIC Angola was established with Angolan capital. The reference says the Portuguese business adopted the name Banco BIC Português in May 2008 after this development. It characterises the Portuguese institution as the first and, at that time, only Angolan bank operating on Portuguese soil. It also describes a shared shareholder structure between BIC Portugal and BIC Angola, including a 25 percent holding by Portuguese businessman Américo Amorim through his company. These are historical details from the supplied reference and should not be treated as a verified account of current ownership. The account describes the bank's business purpose as supporting Angolan entrepreneurs seeking to expand into Europe from Portugal, managing Angolan financial assets on the European continent and facilitating financial flows between Angola and Portugal. Its described business included personal and corporate banking, with particular emphasis on mortgage lending and financial products and services for companies involved in Angolan property projects. The listed services included valuation, marketing and sales of projects, construction finance, financing leases for equipment and real estate, and insurance. The stated customer base included individuals as well as medium-sized and large companies. A major corporate event recorded in the supplied reference occurred in March 2012, when Banco BIC acquired Banco Português de Negócios (BPN). The reference later identifies the Portuguese business as EuroBIC, stating that the EuroBIC name was used before July 2017 in place of Banco BIC Português. The evidence provided does not document the exact launch date of that name or the details of its subsequent corporate evolution. The bank attracted public and regulatory scrutiny in 2020 amid investigations involving its major shareholder Isabel dos Santos and reporting associated with the Luanda Leaks. The supplied reference says dos Santos announced an intention to sell her stake after Angolan prosecutors opened investigations, and that the Portuguese central bank sought information from Banco BIC about its anti-money-laundering obligations. It further says the bank ended its business relationships with dos Santos and her companies in January 2020. The same account reports that private-banking director Nuno Ribeiro da Cunha was found dead on 25 January 2020 and that police treated the death as suicide; it also says Angolan prosecutors had investigated him in connection with dos Santos. These are reported historical claims from the supplied reference, not independently corroborated here. The supplied current official-site evidence is for ABANCA Portugal: its page title identifies ABANCA and the snippet lists ABANCA's Portugal contact information. This indicates that current official web presence in the evidence is under ABANCA, but it does not by itself establish the date or legal mechanism by which EuroBic's brand or business may have transitioned. Accordingly, this dossier treats EuroBic as a historical or transitioning banking brand and does not assert unprovided details about present legal ownership, successor arrangements or continuing standalone operations.

• Banco Internacional de Crédito founded

  [3]Banco BIC Portuguêsde.wikipedia.org
• Banco BIC Angola established

  [3]Banco BIC Portuguêsde.wikipedia.org
• Portuguese business adopts Banco BIC Português name

  [3]Banco BIC Portuguêsde.wikipedia.org
• Banco BIC acquires Banco Português de Negócios

  [3]Banco BIC Portuguêsde.wikipedia.org
• EuroBIC name in use before July 2017

  [3]Banco BIC Portuguêsde.wikipedia.org
• Business ties with Isabel dos Santos and her companies ended

  [3]Banco BIC Portuguêsde.wikipedia.org

A Portugal-based banking business with an Angolan orientation, described in the supplied reference as serving individuals and medium-sized and large companies and supporting financial and business links between Angola and Portugal.

• Mortgage loans

  Identified in the supplied reference as a particular business focus.

• Construction finance and financing leases

  The supplied reference lists construction loans and leasing for equipment and real estate.

• Insurance

  The supplied reference mentions life insurance and other insurance.

• Property-project services

  Services described include valuation, marketing and sales of projects.

• Regulatory scrutiny connected with Luanda Leaks and Isabel dos Santos

  Source

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• Severed business relationships with Isabel dos Santos and her companiesOther

  Source

1. 1Banco em Portugal Online | Particulares e Empresas | ABANCAabanca.pt
2. 2EuroBicwikidata.org
3. 3Banco BIC Portuguêsde.wikipedia.org