The Board of Directors of the Economic Bank (BE) should increase its own capital so that the State throughout Sonangol remain its shareholder participation of 70,38%, advised the governor of the Angola Central Bank (BNA) José de Lima Massano.
During an interview to TV Zimbo station, José de Lima Massano said that the Economic Bank (BE) former BESA bank, was recommended the increase of its capital with the needs for the minimum capital that rounds to 1.1 billion of kwanzas after the approval with the recommendations of its Recapitalization and Restructuring Plan.
“If Sonangol or its entities accompany the capital increase, it remains. If they decide in not accompany the increase of its capital, its participation is diluted and throughout Sonangol the State will stop being present”, said José de Lima Massano.
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In addition to the Economic Bank, Sonangol is selling its shares held in other financial institutions, as part of the Privatization Program (Propriv), in progress since 2019 to focus on its core business.
With the sale at an auction on the Trade and Industry Bank (BCI) Stock Exchange, the national oil company left the institution, where it held 0.2 percent and is also expected to divest the 8.59 percent of assets held in Angolan Investment Bank (BAI) and 25 percent of Caixa Geral de Angola (BCGA).
