Governor expects mergers and acquisitions in the banking sector

José Lima Massano, BNA's governor

José Lima Massano, BNA's governor

The governor of the Angola National Bank (BNA) expects a scenario of mergers and acquisitions in the system, as a result of the imposition of measures to adjust the minimum capital and regulatory capital of the banking financial institutions ordered in March. This shall be finished by December 31st.

José de Lima Massano's expectations signal an evolution when compared to the October declarations coming from London, in which the closure of various banks was said to be expected, due to the difficulties that some operators face in adjusting capital.

The governor revealed yesterday to Jornal de Angola that, as the deadline for complying with the notice in which capital adequacy is referred, approaches, it has been observed that all operators are likely to raise the share capital in the terms determined by the BNA, despite the difficulties that are known to be faced in order to follow the measure.

Read more in Jornal de Angola