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Fri, 21 Aug 2020 12:02 - Updated Fri, 21 Aug 2020 12:01

BCI joins securities with Kz 67.7 billion

Luanda - The Banco de Comércio e Indústria (BCI) is part of the Central Securities of Angola - CEVAMA, with the share capital set at 67.7 billion Kwanzas.

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Banco de Comércio e Indústria ( BCI )

Photo: Angop

This amount, according to a note from IGAPE to which Angop had access, is divided into 100,000 shares, deposited in the custody accounts of the shareholders.

This step was taken as part of the bank's privatisation process requested by the shareholders at the Angolan Debt and Securities Exchange (BODIVA), the dematerialisation of the ordinary rules and their integration into the Central Securities of Angola - CEVAMA.

The dematerialisation process is part of the preparation for the privatisation of BCI, which follows from Presidential Decree no. 250/19 of 5 August, approving the Privatisation Programme for the period 2018/2022 - PROPRIV, and Presidential Decree no. 66/20 of 5 May, authorising its privatisation by auction at the Stock Exchange.

The Banco de Comercio e Industria, with 100% public capital, has Sonangol, Endiama, ENSA, TCUL, Port of Luanda, TAAG and Angola Telecom in its shareholder structure.

Founded on 11 March 1991, BCI is a financial institution under the supervision and regulation of the National Bank of Angola.

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