Banking and Insurance
Highlights
BCI considers that sanctions applied by the regulator target banking integrity
The Bank of Commerce and Industry (BCI) acknowledged on Tuesday that the sanctions applied by the regulator are aimed at the stability, integrity and resilience of the banking sector but said that the deficiencies identified were “inherited” from...
Yetu and BCI banks fined over 1.5 billion by BNA
The National Bank of Angola (BNA) has imposed fines totaling more than 1.5 million dollars on the banks Yetu and BCI, and a manager has also been sanctioned for “serious offences” in the area of preventing and combating money laundering.
Banco Sol will be recapitalized with private capital and reduce up to 30 percent of employees
Banco Sol's Recapitalization and Restructuring Plan (RRP), approved by the regulator, should be implemented in three years and foresees an increase in share capital and a reduction of up to 30 percent in staff, the institution announced this Monday.
