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Banking and Insurance

Highlights

Banking and Insurance

BPC recovered half of the 434 million kwanzas embezzlement detected in April

The Bank of Savings and Credit (BPC) managed to recover about half of the 434 million kwanzas embezzlement detected in April, an executive director of the institution informed this Thursday.

Banking and Insurance

BPC pays 18 billion kwanzas to lay off a third of workers by 2022

The Savings and Credit Bank (BPC) wants to close branches and reduce about a third of the workers in the next three years, forecasting compensation to reach 18 billion kwanzas.

Banking and Insurance

IGAPE injects 396 billion kwanzas and becomes a shareholder of BPC

The Institute of Management of Assets and State Participation (IGAPE) will inject 396 billion kwanzas into the state-owned Banco de Poupança e Crédito (BPC), becoming a shareholder with 37.3 per cent of the capital.