Luanda, Sept. 4, 2025 (Lusa) - Economist Daniel Sapateiro said on Thursday that the dispersal of the share capital of Banco de Fomento Angola (BFA) on the stock exchange, via a Public Offering for Sale, will energise the Angolan stock market and enable more investment solutions.
"It is relevant (this flotation of 29.75% of BFA's capital), because since Banco Angolano de Investimentos (BAI), Banco Caixa Angola, ENSA and BODIVA went public, they have been boosting not only other legal financial products, and in this way there is a diversification of the possibility of investing and getting a return on those investments," the economist said today.
Speaking to Lusa on the day of the roadshow to present BFA's stock market operation, which starts on Friday, Daniel Sapateiro believes that there will be great demand for the bank's shares, believing that these, with an indicative price per share of between 41,500 and 49,500 kwanzas (€39 and €46), could be traded at a higher price.
Daniel Sapateiro recalled that BAI and Caixa Angola shares have been rising since they were listed on the stock exchange, noting that until Wednesday, BAI shares were quoted at 74,000 kwanzas (€69) compared to 20,640 kwanzas (€19) in 2022, “an increase of 259%”.
Banco Caixa Angola “went public on 22 September 2022 with 5,000 kwanzas (€4.00) per share and yesterday (Wednesday) it was quoted at 15,000 kwanzas (€13.00), an increase of 200%”, he said.
As for BFA, the economist says that each of the bank's shares on the stock exchange "has all the potential to grow rapidly" to the levels already reached, especially by BAI.
For the economist, since BAI and BFA are "champions of Angolan banking" in terms of various indicators: customers, branches, deposit-taking, transformation of deposits into loans, net profit for the year, asset management, "it is expected that they will compete with each other to attract and maintain their shareholders".
"It is therefore very likely that these two banks will be very closely aligned in terms of price, with BAI having lost around 16,000 kwanzas per share between 9 June and yesterday [Wednesday], probably also to align it much more closely with the values at which BFA will be on the market and which will tend to rise," said the analyst.
Daniel Sapateiro foresees "a new dynamic on the Angolan stock exchange" with BAI and BFA competing in terms of price and share value "always over time, in other words, another solution, another investment option".
On Friday, BFA is launching a Public Offering for the sale of 29.75% of its capital, the largest ever operation on the Angolan stock exchange, which is expected to yield more than €200 million for shareholders.
According to the information on the bank's website, the listing is scheduled for the end of the month. The operation involves the sale of 4.46 million ordinary shares, representing 29.75% of the capital, placed by the current shareholders - Unitel, which provides 15 %, and Banco Português de Investimento (BPI), with 14.75 %.
DAS/ADB // ADB.
Lusa
