Angola’s BNI prepares to enter Portuguese banking sector

15 October 2009

Lisbon, Portugal, 15 Oct – Angolan bank Banco de Negócios Internacional (BNI) has joined Portuguese partners with the aim of opening an investment bank and an insurer in Portugal, a project that is headed up by Homero Coutinho, formerly the head of Deutsche Bank in Portugal, Portuguese newspaper Público reported.

According to the paper, the BNI will take a stake of between 30 and 40 percent of teh new bank and the new insurance company.

Based in Luanda, the BNI started operating in November 2006, and is entirely owned by Angolan investors.

According to its 2007 Annual Report and Accounts, the BNI’s largest shareholders are Mário Moreira Palhares, who has a 45 percent stake, and Welwitschea dos Santos, who has a 13.3 percent share.

They are followed by João de Matos with 7 percent, José Eduardo Paulino dos Santos with 6.6 percent, Arnaldo Sousa Calado with 6 percent, José Garcia Boyol with 5 percent, and Ricardo Viegas de Abreu with 5 percent.

Following its domestic expansion strategy, the BNI signed a partnership deal with multinational financial company Mastercard to issue debit and credit cards in Angola.

The bank also ahs local partnerships with Deutsche Bank and Dutch group Forti. (macauhub)