State banks absent from list of companies to be privatised in Angola

6 June 2013

Angolan state banks Banco Popular de Crédito (BPC) and Banco de Comércio e Indústria (BCI) are not included on the list of companies to be privatised by the Angolan government, according to two senior officials from the Public Sector Business Institute (ISEP).

Miguel José Manuel and Walter Silva, of the ISEP’s department of Privatisations and Re-Privatisations told radio station Rádio Nacional de Angola that the two banks were not on the list, and said that media reports on this matter were mistaken.

According to newspaper Jornal de Angola, the two officials said that BCI had been included on a list of privatisations outlined for a programme between 2001 and 2005 but added that, not even at that time had a decision been made to sell the bank.

The privatisations that have been announced are part of a programme expected to be carried out between 2013 and 2017 and which is based on companies that were included in the 2001/2005 programme, “and it is a clear point that there is no decision” about privatisation of the two state banks.

The officials said that the privatisations would be carried out based on the criteria set out in the law: Public tender open to all interested parties, public tender limited to selected companies or by direct negotiation. (macauhub)