Ver Angola

Banking and Insurance

Banco BCI will be auctioned in December

The auction to privatize the Bank of Commerce and Industry (BCI) should even take place next month. At this time, it is awaited the disclosure of the date of the operation, which will be indicated by the Institute for the Management of Assets and Participations of the State (IGAPE).

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The last step that needed to be completed before proceeding with the electronic auction on the stock exchange concerned the admission of shares to be traded with the bank on the Market for Securities Transactions.

According to a statement from the Angola Debt and Stock Exchange (Bodiva), cited by Jornal de Angola, this last requirement was fulfilled last Thursday, 18 November.

The bank is one of the assets of the State sphere that will be privatized.

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