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Angolan state-owned bank appoints new board, approves capital increase

Angolan state-owned bank Banco de Poupança e Crédito SA's shareholders appointed a new board of directors, to be chaired by Ricardo D'Abreu, MacauHub reported March 28.

The shareholders also approved a capital increase of 90 billion Angolan kwanzas and nominated a new executive committee for the period 2017-2021, which will also be chaired by D'Abreu.

As of March 29, US$1 was worth 165.91 Angolan kwanzas.