The Angolan Investment Bank (BAI) has officially started the liquidation phase of BAI Microfinanças (BMF), due to the voluntary dissolution of this institution, announced today, in Luanda, the representative of the Liquidation Commission, Zembo Macedo.
Speaking at a press conference, he made it known that the BMF started with the liquidation phase, proceeding with the required publications and complying with all legally prescribed procedures.
According to the official, the BMF currently has 21 branches across the country, 198 employees and a credit portfolio valued at over 400 million kwanzas.
Zembo Macedo said that despite the extremely challenging context, BMF recognizes that the results achieved reflect the effort and dedication of each of its employees.
“ (…) The liquidation commission will send letters to each of its employees, proposing a compensation that will be substantially higher than the amount that would be legally due, allowing the employee to stay at home for up to two years”, he stressed.
He reinforced that credits to workers were forgiven and health insurance stays until June 2023, without interference.
BAI says that the request for registration of the dissolution decision was submitted to the National Bank of Angola (BNA), which confirmed the registration on September 8, 2022.
Last year, the banking institution began negotiations with banker and businessman António Mosquito to sell 100% of the share capital he held in BAI Micro Finanças, a bank specializing in microcredit, created in 2004.
On August 5, 2021, the two parties had signed an agreement for the transfer of said shareholding, but the BNA did not approve the deal.