BPC re-capitalisation, restructuring plan approved

Luanda – The State-owned Savings and Credit Bank (BPC) recapitalisation and restructuring plan has been approved, Angop learned Saturday in Luanda.

This was during the latest session of the Economy and Real Economy commissions of the Cabinet Council. The plan was presented by a representative of the Finance Ministry.

BPC parties include the State as top shareholder represented by the Finance Ministry, the National Institute of Social Security and the Armed Forces Social Security Fund.

The Cabinet Council’s commissions last gathered on 09 March this year.

Source: Angola Press News Agency