Cláudio Pinheiro, who spoke at the press conference where the state bank presented its annual results and recapitalisation plan, said that part of the funds never left BPC, including 132 million kwanzas that were held in the bank.
Of the remaining amount transferred by the fraudsters, some 65 million kwanzas "ended up being blocked by the recipient banks which were promptly notified", he indicated.
According to Cláudio Pinheiro, the fraud was identified on 20 April in the morning due to the bank's control and warning system, and a criminal report was made on 21 April.
The BPC administrator added that the main perpetrators of the fraud were identified and that a disciplinary process is also taking place alongside the criminal proceedings.
Cláudio Pinheiro said that BPC has daily control mechanisms and "is taking a more robust route in internal control", having also notified the Ministry of Finance, the bank's main shareholder, about the fraud.
The president of BPC's board of directors, André Lopes, considered that this type of fraud "does not occur due to obsolescence" of the bank's systems, but rather due to behavioural flaws in procedures, such as the sharing of passwords.
"The bank has invested in a process of alerts that will allow these less adequate behaviours to be counteracted by the alerts", he stressed.
André Lopes said that part of the amounts related to the fraud are "captive, waiting for the criminal process to take its course" and he hopes that "these resources will return to the bank".