Luanda — The International Credit Bank (BIC) decided last October to set up an insurance broker in order to intermediate insurance operations within the bank, Angop learnt on Tuesday from the chairperson of the financial institution, Fernando Teles.

Speaking to Angop, while assessing the activities developed throughout this year, Fernando Teles said that instead of creating an insurance company, as it was the previous wish of BIC, as it is not the right time at the moment, the administration of the bank decided to set up a broker, which is now intermediating insurance operations within the institution.

"We have decided to create an insurance broker, that is working with the bank since late September and beginning of October of this year, and it is already an intermediary in the insurance operations in the bank. We did not set up an insurer because we think it is not the opportune time", he said.

However, the manager said that last October BIC started trading, on its counters in the country, insurance products from the National Insurance Company (ENSA).

"We have signed an accord with ENSA to sell its products on our counters and we have already started doing it. We are now selling ENSA insurances on the counters of BIC bank", he clarified.

Open in May 2005, the International Credit Bank has over 103 counters spread throughout the country and it has 1,200 employees.