Banco BPI CEO confident of resolving risky Angolan exposure

April 29, 2016 5:15 PM

29 0

LISBON, April 29 Banco BPI expects to resolve its excessive exposure to risky Angolan assets, its chief executive said on Friday, and may try to swap Angolan shareholder Isabel dos Santos' stake in the Portuguese bank for control of its Angolan unit BFA.

"I don't see how it could not end well. I just don't know exactly how and when," CEO Fernando Ulrich said on Friday, adding that there were at least three potential solutions that addressed concerns previously expressed by dos Santos.

Read more

To category page