Banking and Insurance
Highlights
BFA reports 22.9 percent increase in profit in 2024
Banco de Fomento Angola (BFA) announced a profit of 205.8 billion kwanzas in 2024, up 22.9 percent compared to 2023, with strong growth in foreign exchange results and financial margin.
BNA changes rules for granting credit to those holding important positions
The National Bank of Angola has approved new rules for granting credit to holders of relevant management roles or positions, to prevent conflicts of interest, reducing credit exposure limits to 15 percent of equity.
BPI estimates proceeds of over 95 million with partial sale of BFA in July
The president of the Portuguese bank BPI said this Monday that the partial sale on the stock exchange of Banco de Fomento de Angola (BFA) will take place in July and estimated that the institution will receive more than 95 million euros from the...
