Portugal’s Banco BPI is exploring sale of a stake in Angolan bank Banco de Fomento Angola (BFA), Portuguese financial daily Jornal de Negócios has reported.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The stake disposal is aimed at reducing the Portuguese lender’s exposure to the Angolan market, as required by the European Central Bank, said the daily.

At present, investment bank Goldman Sachs is contacting entities that might be interested in acquiring the stake.

BPI, through its Angolan unit, operates nearly 150 branches in Angola and caters to 1.3 million customers. It has a market share of 12% in deposits and 15% in loans in the country.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.