According to an announcement published in Jornal de Angola, the order of business includes the appraisal and approval of the report and accounts, as well as the opinions of the fiscal council and external auditor for 2020, information on the 2021 business plan and the deliberation of the report balance sheet on the degree of execution of the Recapitalization and Restructuring Plan (PRR).
The PRR, which will be implemented over the next three years, predicts that 880.1 billion kwanzas will be needed to capitalize the bank. Of this amount, 163.7 billion are from its largest shareholder, the Ministry of Finance, in the form of securities, while the State Asset Management Institute (IGAPE, with a 37.3 percent stake) injected 396 billion in bonds and 15 billion in cash.
BPC expects to lay off more than 1300 employees by June, reaching a total of 2,000 redundancies, in order to prevent the institution from closing, which faces a revenue crisis.
Jornal de Angola also publishes two other calls for shareholders' general meetings, from Banco BAI Microfinanças (BMF), scheduled for March 29, and from Banco Valor, by Alvaro Sobrinho, to take place on April 28.
