Angolan bank BNI increases capital to US$150 million

4 April 2014

The shareholders of Angolan bank Banco de Negócios Internacional (BNI) agreed on a capital increase from US$63 million at the moment to US$150 million, the bank said in a statement.

“With this increase the aim is to boost capacity to intervene in the financial system, make owns funds more robust and gain greater visibility on an international and national level,” the statement said.

The BNI board of directors plans this year to start the process of international expansion by setting up BNI Europa, developing new business areas such as financial leasing, launching a Real Estate Investment Fund and entering the insurance sector.

BNI, a private Angolan-owned bank, started operating in November 2006, with starting capital of around US$16.4 million, which was increased in December 2011 to US$63 million.

The bank’s main shareholders are Mário Palhares, with 28.8 percent, and João Baptista de Matos, with 11.63 percent. There are also 13 other shareholders with stakes of over 2 percent. (macauhub)