Fri, 14 Sep 2018 11:27 - Updated Fri, 14 Sep 2018 11:27
Shareholders of Banco Económico deny Álvaro Sobrinho's statements
Luanda - The board of directors and the shareholders of Banco Económico (B.E) Bank on Wednesday denied the statements made by the former chairman of the Executive Committee of Banco Espírito Santo Angola (Besa), Álvaro Sobrinho.
Send by email
To share this news by email, fill out the information below and click Send
To report errors in the texts of articles published, fill out the information below and click Send
Álvaro Sobrinho considered “Political decision” as the cause of the B.E bankruptcy.
According to a note from shareholders of the Banco Económico Bank the statements made in an interview with the Public Television of Angola (TPA) on Tuesday (Sept 11) by Álvaro Sobrinho were considered "false and untrue".
On the document, the shareholders refer to the statements of the Centrall Bank of Angola (BNA), dated October 20, 2014, and the Central Bank of Portugal, dated August 3, 2014, which mention passages that reveal the consequences of management actions by the businessman Álvaro Sobrinho.
On an interview to the TPA, Álvaro Sobrinho said that Besa’s bankruptcy happened due to a political decision, taking into account the people involved in it.
Besa's bankruptcy was declared on October 14, 2014. At the time it had 34 branches.
- 13/09/2018 12:00:21
Luanda - The Special Economic Zone (ZEE) Luanda/Bengo offers conditions that guarantee competitiveness and affirmation of the Angolan companies in the domestic and international market, said on Wednesday in Luanda the Economy and Planning minister, Pedro da Fonseca.
- 13/09/2018 10:30:54
London - Brent crude for November delivery opened low on Thursday in the London Futures Market, with the barrel being traded at USD 79.72, with a variation of 0.02 % in relation to the previous session.
- 12/09/2018 13:32:42
Luanda - The former head of the Executive Commission of the extinguished Banco Espírito Santo Angola (Besa), Álvaro Sobrinho, said on Tuesday that the institution bankrupted due to political decision not over a state of insolvency.