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Sun, 23 Jun 2019 15:07 - Updated Sun, 23 Jun 2019 15:09

BPC bank's new C.E.O prioritises credit grant

Luanda - The granting of credits, properly supported by guarantees, is one of the priorities of the C.E.O of the state-owned Saving and Credit Bank (BPC).

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C.E.O of the BPC bank, André Lopes.

Photo: Rosário dos Santos

According to the BPC chairman, António André Lopes, who spoke to journalists last Friday after the swearing-in ceremony of the bank’s new board, it is paramount for banks to grant credits, as long as there are guarantees of reimbursement.    

He went on to say that it is necessary to turn BPC into an institution that contributes to the country’s efforts for development, instead of becoming a mere absorber of state funds.   

He also disclosed that in restructuring the bank, it might be necessary to lay off some workers. He said there are ways to deal well with such a situation, exemplifying that there are workers who are at the age of retirement or very close to it.

António André Lopes, an economist, among other posts was Vice Governor of the Angolan National Reserve Bank (BNA) from 2010 to 2015. Before the present nomination he was the Chairman of the Executive Commission of Banco Yetu bank.

  

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