ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » News » Economy

Wed, 01 Jul 2020 11:37 - Updated Wed, 01 Jul 2020 15:36

BPC bank closes 53 counters as from 13 July

Luanda - About 53 Banco de Poupança e Crédito (BPC) service counters, including agencies/posts and transfer agencies, will be closed from next 13 July in several provinces of the country.

Send by email

To share this news by email, fill out the information below and click Send


To report errors in the texts of articles published, fill out the information below and click Send

Moxico: BPC runs Workshop on ATM Card

Photo: David Dias

The measure, confirmed this Tuesday in a bank statement published in the daily Jornal de Angola, is part of the institution's restructuring and recapitalisation programme.

It will cover branches/calls and transfer agencies in municipalities in the provinces of Luanda, Cunene, Kwanza Sul, Benguela, Huila, Namibe, Cuando Cubango, Malanje, Uige, Cabinda, Lunda Sul, Moxico and Bengo.

According to the BPC statement, in Luanda province alone, the capital of the country, more than 22 locations will be closed, between agencies/posts and transfer agencies.

This step marks the beginning of the process of dismissal of staff at the country's largest public bank, which has seen its assets deteriorate in the last seven years, with accumulated losses, until December 2019, of 404.7 billion kwanzas.

The reduction in staff is the result of a series of measures adopted to reduce operating costs, which are currently far higher than profits, according to its chairman André Lopes, in a recent message to employees.

Given the country's context and BPC's social responsibility, André Lopes promised a process of gradual dismissal by mutual agreement with those covered by the measure.

The redirection of the workforce, he assured, will obey the modalities of early retirement, "outsourcing" of auxiliary services, extinction of jobs, resulting from the closure of agencies, and contractual termination by mutual agreement.

As aware of the difficult moment facing the country and taking into account BPC's social responsibility, the management board proposes to reward each employee affected in this process, through a package of compensations and benefits.

Tags Economy  

Read also
  • 01/07/2020 15:34:14

    Over 100 companies join government financing projects

    Lubango - At least 184 companies in central Huila province have so far expressed interest in joining the Angolan government's financing projects, with the aim of encouraging and improving the quality and quantity of the national production.

  • 01/07/2020 09:50:46

    Giangzhou Agriculture farm stands out in cereal production

    Huambo - At least 8,260 tons of various cereals were harvested in the current 2019/2020 agricultural season at Giangzhou Agriculture farm, located in the municipality of Chicala-Cholohanga central Huambo province, against the 5,150 tons of the previous season.

  • 01/07/2020 08:39:22

    Government receives Luanda Port terminal management bids

    Luanda - The Angolan government will open the bids for the International Public Bidding for the concession, operation and management of the Luanda Port Multipurpose Terminal, launched in December 2019.