ATLANTICO COMMEMORATES 16 YEARS OF EXISTENCE, 6 YEARS POST-MERGER;
KZ 3.4 BILLION EARNINGS DRIVEN BY STRATEGIC TRANSFORMATION OF THE BUSINESS MODEL
AS WELL AS STRENGTHENING OF THE BALANCE SHEET;
NEW STRATEGIC PLAN APPROVED – PHIT 2.4 - TILL 2024;
COMMITMENT TO GO PUBLIC IN 2022.

ATLANTICO COMMEMORATES 16 YEARS OF EXISTENCE, 6 YEARS POST-MERGER.

• UNIVERSAL BANK (2.3 MILLION CLIENTS | 2.5 THOUSAND POINTS OF SERVICE - INCLUDING BANK AGENTS AND NETWORK OF BRANCHES).
• LEADER IN DIGITAL INNOVATION (1.3 THOUSAND DIGITAL CHANNELS USERS | 62% DIGITAL CORE PROCESSES)
• FOCUS ON FINANCIAL INCLUSION (+100 THOUSAND FINANCIAL INCLUSION CUSTOMERS)
• FOCUS ON EXPORT PROMOTION AND SMES WITH THE SUPPORT OF EXTERNAL FINANCING LINES (+USD130 MILLION)

KZ 3.4 BILLION EARNINGS DRIVEN BY STRATEGIC TRANSFORMATION OF THE BUSINESS MODEL AS WELL AS STRENGTHENING OF THE BALANCE SHEET:

• GREATER ROBUSTNESS (SOLVENCY RATIO STRENGTHENED TO 21%)
• INCREASED PRODUCTIVITY IN CORE BANKING OPERATIONS
• GREATER EFFICIENCY (OPERATING COSTS 3% OF TOTAL ASSETS)
  
  

NEW STRATEGIC PLAN APPROVED – PHIT 2.4 - TILL 2024.

COMMITMENT TO GO PUBLIC IN 2022.

Luanda, May 12, 2022 - Banco Millennium Atlântico (ATLANTICO) held its General Assembly of Shareholders in Luanda on April 27, during which it approved the financial statements for the year 2021 and affirmed its commitment to the goal of going public in 2022. As it celebrates 16 years of existence, and 6 years following its merger with Banco Millennium Angola, ATLANTICO has become a systemic bank and one of the foremost bank in the Angolan financial system, with the following features

• A truly universal bank that seeks to serve its 2.3 million customers with excellence;;
• Lead digital innovation, with 1.3 million users of its digital channels and 62% of its core banking processes digitized;
• Financial inclusion-focused, seeking to serve low-income customers through a tailored business model - *400# Agiliza - which is supported by a network of some 2.3 thousand banking agents points of sale and a simple and agile mobile banking platform, also available on conventional mobile phones, through which more than 100 thousand financial inclusion accounts have been opened;
• Committed to attracting investors and financing lines to the country, particularly from entities such as the IFC and Commerzbank, contributing with more than USD 130 million to support the diversification of the economy, with a particular focus on export promotion and financing of SMEs.

During the 2021 fiscal year, ATLANTICO focused on establishing the necessary prerequisites for going public, obtained a net income of kz 3.4 billion, a performance driven by a process of investment in the strategic transformation of its business model and also the strengthening of its balance sheet in order to shore up its liquidity, profitability and preparedness for the growing demands of a regulatory framework in the process of supervision equivalence.

Today, ATLANTICO is a solid Bank, having significantly strengthened its solvency indicator to 21%, become more productive in its core banking operations and more efficient in terms of operating costs, which stand at only 3% of total assets. This is the outcome of a series of efficiency measures that have been implemented since the merger, taking advantage of the synergies made possible by the merger, and also reinforced by the Bank's strategic transformation process aimed at providing an experience of excellence for its customers.

This performance crowns the Bank's efforts in strengthening its balance sheet and strategically transform its business model, and demonstrates the quality and value creation potential for its ecosystem, thus making it even more attractive to potential investors.

In 2021, ATLANTICO established a new strategic plan: PHIT 2.4, which is the Bank's vision for 2024 and consists of continuing to invest in Talent, Digital Innovation and Information, to provide an excellent customer experience and strengthen balance sheet resilience through an industrialized business model.

Furthermore, in the wake of programs that are being put in place by the government to enhance Angola's international standing, namely as regards the quality and attractiveness of its business environment and, in particularly, the functioning of its capital market, the strong commitment of ATLANTICO to its customers and to the growth and financing of the Angolan economy has made it one of the first institutions to plan to go public during the course of this year. The process of going public has been carefully prepared since 2021, and there is a strong conviction of the possibility of attracting international investors, thus further heightening the positive impact of this operation to the country and to the financial sector.