Angola: BPC bank’s main shares held by State

Luanda – The Angolan State, represented by the Finance Ministry, the National Social Security Institute and the Pension Scheme of the Angolan Armed Forces (FAA) are the main share holders of the Savings and Credit Bank (BPC), in the framework of the plan to re-capitalise and restructure this institution, a process that has already been approved by the Cabinet Council.

According to a press note from the Finance Ministry which reached ANGOP last Friday, the referred BPC re-capitalisation plan was approved in the last joint session of the Cabinet Council’s Economic Commission and Real Economy Commission, held on March 09 and which was chaired by the Angolan President, Jose Eduardo dos Santos.

In view of such approval, a share holders meeting will soon be convened to analyse the execution of the referred plan, as well as other pertinent issues for the bank, reads the press note.

Source: Angola Press News Agency