Ver Angola

Banking and Insurance

BPC guarantees consolidation of the control of the main risks and the improvement of services

The chairman of the board of directors of Banco de Poupança de Crédito (BPC), the largest Angolan bank with public capital, announced this Thursday that the “control of the main risks” that the bank faces and the improvement of services “have been consolidated”.

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André Lopes, who was speaking this Thursday in an interview with Lusa, assured that the main milestones of the bank's recapitalization program "have been achieved, both from the point of view of stability and the main balance sheet indicators".

"We have also been consolidating the aspects that have to do with the control of the main risks that the bank faces and we have also been acting in the sense of consolidating the instruments that had an impact on the continuity and improvement of the service", said André Lopes.

The IT support, infrastructure and banking 'core' (technological infrastructure that manages banking operations) are part of the ongoing actions at BPC level to improve its service: "We have been developing a set of actions in this area so that we can, in fact, have a service that matches the size and role that the bank has to play in our economy", he said.

The chairman of BPC recalled that the recapitalization and restructuring plan for the state-owned banking unit has a 4-year milestone, believing that by the end of next year, the reorganization objectives will be achieved.

"We are now entering the last year and we believe that the main objectives will be achieved, it is clear that over this time some unforeseen events have arisen, namely the behavior of the economy with the effect of covid-19 and the retraction of our economy", he pointed out.

"But, in general, we believe that we will be able to stabilize the bank's operation, mainly from the end of next year, when the new banking 'core' is expected to enter, which will allow our customers to interact safer and more available with the bank", he assured.

André Lopes was speaking on the sidelines of the third Bodiva forum (Angola Debt and Securities Exchange), held this Thursday in Luanda, when the Bodiva Annual Report was presented.

BPC ranked fifth in the universe of Bodiva members, led by Banco de Fomento Angola (BFA), who carried out business in regulated markets with a market share of 6.48 percent.

According to the chairman of the banking unit, "having an ever-increasing role" on the Angolan stock exchange is one of the bank's challenges, admitting that BPC "is not yet one of the biggest 'players' in this market".

"And I think this is a challenge so that it can, on the one hand, provide greater intervention as a seller, but also as a buyer on behalf of its customers, so that we can make the liquidity that circulates through the bank flow", concluded André Lopes.

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