- 12% GROWTH IN RESULTS
- SUCCESSFUL COMPLETION OF ASSET QUALITY ASSESSMENT (AQA), WITH SOLVABILITY RATIO OF 14.5%
- INCREASE IN CUSTOMER BASE TO 1.8 MILLION
- LAUNCH OF *400#, MOBILE BANKING PLATFORM FOR LOW-COME SEGMENTS
- 1/3 OF THE BRANCH NETWORK AND ALL DIGITAL CHANNELS AVAILABLE 24/7
- CONTRACTUALIZATION OF FINANCING LINES FOR ECONOMY DIVERSIFICATION WORTH ABOUT US$100 MILLION

Banco Millennium Atlântico (ATLANTICO) held on April 28, in Luanda, its General Meeting, in which it approved the accounts for the financial year 2019. In this fiscal year, the Bank achieved a net income of Kz 30.5 billion - an increase of 12% compared to 2018, although lower than expected in view of the context - as a result of a strong focus on efficiency measures, which allowed a reduction of its operating costs by 8.2% compared to 2018, which resulted in a recurring cost-to-income ratio (CTI) of 47% (two percentage points less than in the previous fiscal year).

In 2019, ATLANTICO likewise successfully completed the Asset Quality Assessment (AQA) exercise, promoted by the National Bank of Angola (BNA), closing the year with a regulatory solvency ratio (RSR) of 14.5%.

Additionally, the Bank continued its investment in strengthening internal control tools, directing its focus on balance sheet risk management, highlighting a loan-to-risk ratio of 15.7% (down 1.2 percentage points from the previous year) and a loan-to-income impairment coverage ratio of 130% (up 29 percentage points from the previous year); and on strengthening anti-money laundering and anti-terrorist financing tools and processes.

The motto of ATLANTICO for 2019 was "Different for the Customer", in line with the implementation of the Strategic Plan "ATLANTICO 2.1", highlighting the following deliverables resulting from the focus on 3 pillars:

Universality: As a result of the strong investment made in its digital Onboarding platform, which significantly increased its capacity to attract customers to 2,500 customers/day, the Bank increased its Customer base by approximately 40%, surpassing the target of 1.8 million Customers. On the other hand, it reinforced its universal positioning with the development of a value proposition that simplifies access to the financial system for the low-income families and business segment, under the motto "Simplify to bank".

Digital innovation: ATLANTICO strengthened its focus on the development and implementation of digital solutions that allow remote banking operations to be carried out, at the scale of its more than 1.8 million Customers and in high availability (24/7), highlighting (i) the upgrade of the technological board that allowed products and services to be made available in high availability (24/7); (ii) the launch of a platform, a pioneer in the Angolan market, of mobile banking for traditional telephones, without consumption of voice or data balance (*400#); and (iii) the provision to its Customers of the possibility of carrying out the main banking operations, in 24/7, in 1/3 of its branch network, with the implementation of a park of 35 deposit machines.

Investment Partner: In 2019, ATLANTICO maintained a prominent place in financing for households and businesses, having strengthened its relations with international counterparts, through the contracting of financing lines, with Commerzbank and with IFC - International Finance Corporation, to support the diversification of the economy.