The regulator's statement comes after the main shareholder of Banco Kwanza Investimento (BKI), Swiss-Angolan businessman Jean-Claude Bastos de Morais, has called for an AG on 31 August to deliberate on the voluntary dissolution of the financial institution .
The BNA, the supervisory authority and responsible for maintaining the stability of the financial system in Angola, decided that until its dissolution, if that is the shareholders' decision, Banco Kwanza will have to adopt some measures, among which refrain from receiving new deposits, except for those relating to the repayment of credits or debts owed by third parties to the bank.
BKI is also required to comply with the instructions for transferring the bank's customers to third parties, including closing accounts and keeping regulatory capital within the required minimum limits, while the bank's settlement process has not started.
If this does not happen, the bank will have its license revoked and judicial liquidation will take place.
