May 25, 2017 11:09 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 and corporate customers in Angola. It accepts various deposit products, such as current, Bankita, savings, and salary accounts; and offers personal, auto, and housing loans, as well as provides debit, credit, and pre-paid cards. The company also offers payments and collections, short term loans, guarantees, investment products, trade finance, and loan lines, as well as Internet and SMS banking services. As of December 31, 2015, it operated through a network of 166 branches, 7 service points, 9 investment centers, and 16 corporate centers. The company was founded in 1990 and is based in Luanda, Angola. ...

Rua Amílcar Cabral, n.º 58




Founded in 1990

2,610 Employees


244 222 638 900


244 222 638 911

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

Chairman of Executive Committee and Director
Age: 56
Member of Executive Committee and Director
Age: 48
Member of Executive Committee and Director
Age: 63
Compensation as of Fiscal Year 2016.

Banco de Fomento Angola, S.A. Key Developments

ECB Advises CaixaBank To Reduce Stake In Banco de Fomento Angola

CaixaBank, S.A. (BME:CABK) had received a non-binding recommendation from the ECB to gradually reduce its stake in Banco de Fomento Angola, S.A. within a reasonable timeframe. CaixaBank SA will sell off all or part of the 48.1% stake in Banco de Fomento Angola SA that it will acquire when it completes the planned buyout of Banco BPI, S.A. (ENXTLS:BPI). CaixaBank noted that it does not have a specific plan for reducing its eventual stake in BFA, but said any potential divestment would have to comply with the shareholder agreement to which BPI is subject and comply with local banking rules.

BFA Announces Board Changes

Banco BPI completed the transfer of a 2% stake in Banco de Fomento Angola to Unitel. Fernando Ulrich stepped down as chairman of BFA's board, and will reportedly be replaced by Mário Leite da Silva. José Pena do Amaral also resigned as a member of the BFA board. Francisco Costa and Otília Faleiro resigned as members of the executive committee, but will remain as nonexecutive members of the BFA board.

CaixaBank Eyes Stake In Angola

CaixaBank, S.A. is in negotiations to buy a rival Banco de Fomento Angola, S.A. shareholder's 18.6% collapsed.

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Recent Private Companies Transactions

October 7, 2016

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