BPI’s president, João Pedro Oliveira e Costa, revealed this Monday that the Portuguese bank has already received half of the agreed amount from the sale of part of its stake in Banco de Fomento de Angola (BFA), but the transaction has not yet been fully concluded.
The remaining amount is expected to be settled by the end of this year. The statements were made in Lisbon during the press conference presenting the bank’s results for the first quarter of 2026.
When asked about the status of the payment, the executive was direct:
“So far, we have received 50% of the amount,” confirming that the process has been progressing gradually, as previously agreed.
In addition to the outstanding amount, BPI is also awaiting the payment of BFA dividends related to previous financial years.
João Pedro Oliveira e Costa stressed that the bank respects the Angolan financial system’s capacity to carry out dollar transfers, thus justifying the phased nature of the payment.
It should be recalled that in September last year, BPI — owned by the Spanish group CaixaBank — sold 14.73% of BFA on the stock market for €103 million, retaining a 33.35% stake in the Angolan bank.
The operation falls within a recommendation made by the European Central Bank (ECB) to BPI since 2017 to reduce its exposure to Angola.
BPI closed the first quarter of 2026 with profits of €133 million, down 2% compared to the same period of the previous year.
Its operation in Portugal weighed on the results, with profits declining from €98 million to €90 million.
On the Angolan side, BFA’s contribution to the BPI Group’s accounts amounted to €42 million, representing a 9% year-on-year decline.
BFA’s main shareholders are Unitel, controlled by the Angolan State, with 36.90% of the capital, and BPI, with 33.35%.
Líder Magazine, 05/04/2026
