Luanda — The Angolan Armed Forces (FAA) and the private Angolan Foment Bank (BFA) signed last Tuesday in Luanda a protocol aimed at facilitating the access to loans for officers, sergeants and civil employees of this military institution.

In this framework, BFA will secure loans in preferential rates, supplying a group of products and services.

The protocol will be implemented in different phases and it will be into force as from 15 November.

The agreement was signed by the FAA staff chief, general Francisco Pereira Furtado and by the chairman of the executive commission of BFA, Emídio Pinheiro, and it was witnessed by FAA's general and senior officers, as well as by employees of this bank.

On the occasion, gen. Francisco Furtado expressed his satisfaction with the conclusion of this important project, after a long period of negotiations with this banking institution.

According to the military official, BFA's credit products will allow the fulfilment of the programmes outlined by FAA, in the framework of solving housing issues and the improvement of the living standards of officers and sergeants of the Angolan Armed Forces.

To the chairman of the executive commission of the Angolan Foment Bank, Emídio Pinheiro, this protocol constitutes a challenge to the organisation.