At the General Meeting it was decided that there was "a need for recapitalisation in excess of that confirmed in the results of the AQA to BE, with reference to 31 December 2018", revealed the bank in a press release sent to VerAngola.
According to a note issued by the Banco Nacional de Angola (BNA), the banks have to "assess the need for additional capital and ensure compliance with the prudential limits established in the regulations in force until 30 June 2020".
Therefore, the Economic Bank below will "comply with the resolutions issued by the BNA within the framework of the exercise of assessing the quality of the assets of the main Angolan financial institutions".
"With the implementation of the approved capital increase, the Economic Bank will, according to its management, be "complying with the recommendations of the regulator and ensuring the stability of its operation and sustainability in the medium and long term", states the press release.
