Ver Angola

Banking and Insurance

Bank of Commerce and Industry opens voluntary termination program

The Bank of Commerce and Industry (BCI) announced last Friday the opening of a program of voluntary terminations, nine months after being bought by Grupo Carrinho as part of the Government's privatization programme.


The decision was announced on Friday in a statement, according to which BCI "is in a phase of deep internal transformation, the objective of which is to improve financial performance (the reason for its existence) to guarantee better conditions for all its employees".

The press release states that this process may imply changes in the business strategy, organizational culture, in the relationship with service providers, capillarity of the commercial network and also of human capital, recognizing the "sensitivity" of this transformation.

"Therefore, a mutually agreed resolution program is currently under way, of which any employee may be a part, always safeguarding the interests of both parties", reads the statement.

Lusa questioned the bank's marketing and communication department to find out how many people expect them to join the program, what amount is available for compensation and until when it will be open, but received no response.

At the end of June, the secretary general of the Bank Workers Union, Filipe Makengo, had stated that BCI workers were being fired through inappropriate channels.

Until December 31 of last year, the bank had around 1300 employees and 80 branches.

It was acquired at an auction on the stock exchange in December 2021 by the Carrinho Empreendimentos group, which offered 165,000 kwanzas for each of the 100,000 shares for sale, totaling a final price obtained of 16.5 billion kwanzas.

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