Portugal’s Novo Banco receives new proposals to buy Banco Internacional de Cabo Verde

20 January 2016

The sale of Banco Internacional de Cabo Verde (BICV) should be completed soon, and Portuguese bank Novo Banco has received expressions of interest from several investors, wrote Portuguese financial newspaper Diário Económico.

The newspaper added that although Novo Banco, the bank that inherited the quality of assets of the bankrupt Banco Espírito Santo, is organising the process, the final say is up to the Bank of Portugal.

One of proposals to buy BICV, worth 14 million euros, was presented by a consortium of Portuguese-African investors, led by José Veiga, former manager of football players and former general director of Sport Lisboa e Benfica (Benfica Football Club).

The sale of BICV will be another step in the ongoing plan to sell Novo Banco’s non-strategic assets and which also includes the sale of Banque Espirito Santo et de la Vénétie and other subsidiaries.

Information published by BICV itself indicate that at the end of 2014 the bank had 1,893 customers, of which 1,484 were private and the remaining 409 were Cape Verdean and foreign companies.

Total assets at the end of that year were 12 billion Cape Verdean escudos (105 million euos) and deposits amounted to 9.9 billion escudos. (macauhub/CV/PT)