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November 28, 2015 7:50 PM ET


Company Overview of Banco de Fomento Angola, S.A.

Company Overview

Banco de Fomento Angola, S.A. provides various banking products and services to individual, corporate, and small business customers in Angola. It accepts various deposit products, such as current, Bankita, savings, and salary accounts; and offers auto, personal, housing, and other loans and lines of credits, as well as provides debit and credit cards, and investment products and services. The company also offers western union services; Internet and SMS banking; project and trade financing; money transfers; international payments services; pre-paid cards; and treasury accounts, payments, and collections. As of December 31, 2013, it operated through a network of 147 branches, 4 service points,...

Rua Amílcar Cabral, 58




Founded in 1990


244 22 2638900

Key Executives for Banco de Fomento Angola, S.A.

Compensation as of Fiscal Year 2015.

Banco de Fomento Angola, S.A. Key Developments

Banco BPI Plans To List Banking Assets In Angola and Mozambique Into A Separate Entity

Banco BPI, S.A. (ENXTLS:BPI) plans to spin off its banking assets in Angola and Mozambique into a separate entity and list the new shares, to be priced at €0.0317 apiece and without a nominal price, on Lisbon's Euronext bourse. The new entity will comprise Banco BPI's 50.1% stake in Banco de Fomento Angola, S.A., 30% in Banco Comercial e de Investimentos, S.A. in Mozambique and all of its BPI Mozambique. The board said it would call a shareholder meeting to approve the split, in which Banco BPI shareholders will get one share in the new entity for each share they hold in BPI.

Investor Mulls Acquisition Of Stake In Banco de Fomento

Investor seeking acquisition of stake in Banco de Fomento Angola, S.A. from Banco BPI, S.A. (ENXTLS:BPI). Banco BPI said it had already been approached by a potential investor interested in a minority stake in Banco de Fomento Angola, a proposal it will now analyse, but it did not specify if it could sell any Banco de Fomento Angola stake separately or as part of the new entity. Banco BPI further said that it is open to receiving other proposals that would help comply with European rules limiting its exposure to the African nation. Angolan investor Isabel dos Santos expressed interest in the minority stake in Banco de Fomento Portuguese, daily Jornal de Negocios reported.

Banco BPI Reportedly Looking To Sell Stake In Angola

Banco BPI, S.A. (ENXTLS:BPI) has put its 50.1% stake in Banco de Fomento Angola, S.A. up for sale, with Goldman Sachs contacting potential acquisition candidates according to reports. The sale of the stake is one of the options being considered to meet ECB mandates regarding large exposures, the newspaper wrote, noting that BPI needs to make a decision before a new round of stress tests commences in March 2016.

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