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Bank in East Timor gives Geocapital almost total presence in financial sector of Portuguese-speaking countries
Macau, China, 26 July - Geocapital, the stakeholding company linked to Macau gaming magnate Stanley Ho, is about to start operating in East Timor, thus having a presence in almost all the financial markets of Portuguese-speaking countries.
The new bank, Banco Timorense de Investimento, which Geocapital had already requested to open, is due to receive authorisation, according to a report last week from the Africa Monitor newsletter.
The new bank will prioritise financing for infrastructure projects, Africa Monitor said.” [ more ] |
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