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25 May 2013
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Banif bank founder Horácio Roque dies

in General · 22-05-2010 00:00:00 · 0 Comments

Leading Portuguese financier Horácio Roque died on Wednesday at a Lisbon hospital after suffering a stroke, an official at his Madeira-headquartered bank Banif said. He was 66.

Horácio Roque, who started his first business, a bar, at the age of 17 in Angola, gathered a fortune based on ventures in Angola and South Africa, which he later expanded to a wide gamut of banking, insurance, real estate and other businesses in Portugal and the Americas. In 1991, he set up a foundation, named after him, devoted to educational, social and cultural spheres. TPN/Lusa

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