Central bank talks on Angolan bank reform

Two Angolan banks had their licences revoked on 2 January after missing the 31 December deadline to meet new capital requirements imposed by the National Bank of Angola (BNA). The regulations were introduced to strengthen the country’s banks and make them better suited to supporting badly needed economic diversification.

The two banks to have their licences withdrawn are Banco Mais and Banco Postal. In a statement published on 4 January, the BNA said: “The National Bank of Angola decided to withdraw the licences of the said banking financial institutions, which cease, as of this date, their respective activities.” Their assets will now be managed by liquidators appointed by the BNA, who will seek to return deposits to customers and pay bank employees. Banco Postal shareholders denied that the bank was “bankrupt” {link to Macauhub piece}.

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