BCGA Corporate Governance
Banco Caixa Geral Angola (BCGA) is listed on BODIVA at Kz 24,000 per share. BCGA has historical ties to Caixa Geral de Depositos (CGD), Portugal’s state-owned bank, reflecting the deep banking links between Angola and Portugal. As a listed financial institution, BCGA is subject to governance oversight from both the CMC and the BNA.
Board Structure
| Body | Function |
|---|---|
| General Assembly | Shareholder meeting; approves accounts, dividends, board elections |
| Board of Directors | Strategic oversight, risk governance, executive appointments |
| Executive Committee | Operational management and day-to-day banking decisions |
| Fiscal Board | Financial controls oversight and audit coordination |
Shareholder Context
BCGA’s ownership structure reflects its Portuguese banking heritage. Significant shareholders are disclosed to the CMC in accordance with corporate governance requirements. The relationship with CGD provides BCGA with access to international banking expertise, risk management systems, and correspondent banking networks.
For the complete shareholder breakdown, see BCGA shareholders.
Governance Compliance
BCGA adheres to the following governance standards:
- CMC listing rules: Continuous disclosure, material event reporting, and related-party transaction requirements per CMC regulations
- BNA prudential framework: Fit and proper assessments, capital adequacy requirements (10% minimum CAR), and risk management standards
- AML/CFT program: Board-level compliance with Law 5/20 requirements
- Annual governance report: Published with financial statements, detailing board composition and committee activity
Board Committees
- Risk Management Committee: Credit, market, and operational risk oversight
- Audit Committee: Financial reporting integrity and external auditor coordination
- Remuneration and Nominations Committee: Executive compensation and board succession planning
Investor Relevance
BCGA’s governance framework, including its Portuguese banking parentage, influences the bank’s risk management culture, operational standards, and strategic direction. The CGD connection provides a degree of institutional support while the Angolan market context — with 26 commercial banks and a credit-to-GDP ratio of 14.63% — defines the competitive landscape.
For financial data, see BCGA financials. For latest developments, see BCGA news.