New ownership structure for Moz's BCI-Fomento.

Author:Rosenberg, Anna
Position:AFRICAN BANKER'S WORLD - Caixa Geral de Depositos S.A. - Brief article
 
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BCI-Fomento, Mozambique's second largest bank, has a new ownership structure after the sale of shares to the Mozambican group INSITEC. BCI is dominated by Portuguese capital. The Portuguese state bank, the Caixa Geral de Depositos (CGD), is its largest shareholder (42% to 51%) while the Portuguese Investment Bank holds 30% and INSITEC holds the...

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