in Short
Angola: withdrawal of Banco Kwanza Investimentos S.A’s license
Following the decision of the Attorney General’s office following the declaration of bankruptcy of Banco Kwanza Investimentos SA (BKI) with the Provincial Court of Luanda, in accordance with provision n ° 1 of article 135 of the Basic Law on Financial Institutions , the extraordinary assembly, board of directors of the Central Bank of Angola, as the supervisory body of the Angolan financial system, reported a shortage of capital and withdrawn, Monday, January 18, 2021, the BKI approval.