Africa-Press – Angola. The Banco Sol Recapitalization and Restructuring Plan was approved last Thursday by the National Bank of Angola (BNA), which will be implemented over three years, and whose decision “represents a fundamental step towards the recovery and repositioning of this financial institution”. “Approved unanimously by shareholders at the General Meeting held on January 24, 2025, the plan establishes a set of rigorous measures to ensure recapitalization, optimization of the operational structure and strengthening of risk management”, states a press release sent.
The main initiatives foreseen in the plan include the resizing of branches and central structure units, optimization of the workforce, with a forecast reduction of around 30% in the number of employees, boosting the capture of new deposits and retention of the current customer base, sale of real estate assets not allocated to the bank’s core business, active recovery of non-performing loans, boosting the insurance business, and increasing share capital exclusively through new contributions from shareholders.
The note also reinforces that the capitalization plan will be carried out exclusively with private capital, through new contributions from shareholders.
The plan was developed by the bank’s current management, elected by shareholders in April 2024, following an in-depth diagnosis of the institution’s financial, economic and equity situation, as can also be read in the statement.
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