Banco Keve guarantees that it has its own funds and is in the process of restructuring

Banco Keve's statement comes a few days after the press reported that the financial institution was going to close branches and that it would be in technical bankruptcy.

A source at the financial institution told Lusa, however, that the bank has sufficient equity, above the legal requirements, and that it is not in technical bankruptcy, being focused "on cleaning up and strengthening the balance sheet".

He also confirmed that some branches will be closed, while others will be opened, and denied that redundancies are being made, with around 60 people whose contracts have not been renewed.
In a statement released this Wednesday and signed by the chairman of the Board of Directors, José Pedro de Morais Júnior, the bank informs that it has successfully completed the second capital increase, totaling 24 billion kwanzas.

"With this, the bank's own funds now exceed 40 billion kwanzas, well above the minimum limit of 7.5 billion kwanzas required by the National Bank of Angola", indicates the document.

Keve's administration adds that, with this action, it has started an internal restructuring process "which aims to respond to the challenges posed by the current economic situation" and is "transforming its service structure, focusing on digital ", demonstrating "confidence in the Angolan economy and its enormous potential".

José Pedro de Morais Júnior, former finance minister, and André Luís Brandão, former transport minister, are said to be pressured by the National Bank of Angola (BNA) to remove Politically Exposed Persons (PEP) from its structure.

The source contacted by Lusa confirmed that "there is a recommendation" from the central bank in this regard, taking into account the status of equivalence with the European Union, to "reassess the position of PEPs in the bank's shareholder structures and governing bodies".