The Bank of Cape Verde published a statement challenging a newspaper article about the disposal of one of the banks in Cape Verde’s financial system, stressing that its assessment of any acquisition of a qualifying holding is not automatic and is grounded in an objective legal framework. It noted that decision timing depends on factors including the nature of the parties involved and the complexity and completeness of the process, and that its review is risk-based and conducted in line with the principles of legality and proportionality. The central bank said it will request whatever information is necessary to confirm that all conditions for a sound and prudent management of the target institution are met, as provided for in Law No. 62/VIII/2014, and criticised the publication of confidential information exchanged between parties without proper context. It reiterated that it does not accept pressure from any public or private entity or other interested party.
Bank of Cape Verde 2025-11-04
Bank of Cape Verde rebuts reporting on a bank sale and reiterates independent, law-based review of qualifying holdings
The Bank of Cape Verde refuted a newspaper article on a bank's disposal, emphasizing that acquisition assessments are based on an objective legal framework, not automatic. Decision timing depends on involved parties and process complexity. It criticized publishing confidential information without context and reaffirmed its commitment to a risk-based review process and independence from external pressures.