Angola: BNA Institutional Capacity to Strengthen

Luanda — The Remuneration Committee of the National Bank of Angola (BNA) will strengthen the institutional capacity of the central bank, Minister of State for Economic Coordination José de Lima Massano said on Monday in Luanda. Speaking at the swearing-in ceremony of the committee's chairman, Mário Palhares, the minister expressed hope that the current leadership would contribute to the continued enhancement of the institution's standing. For his part, the chairman of the National Bank of Angola's Remuneration Committee, Mário Palhares, thanked the authorities for the confidence placed in him and pledged to conduct his duties with transparency and a focus on achieving positive results. The BNA Remuneration Committee is an independent body responsible for approving and monitoring the implementation of the remuneration framework applicable to the governing bodies of the central bank. Follow us on WhatsApp | LinkedIn for the latest headlines The body comprises a member appointed by the Head of the Executive Branch, who serves as chairman, a former governor of the National Bank of Angola appointed by the Board of Directors, and a member of recognised integrity, independence and experience in matters relating to the National Bank of Angola, to be appointed by the first two members. The remuneration framework must be compatible with preserving the independence of the members of the Board of Directors. Its determination must take into account, among other criteria, the complexity, demands and responsibilities inherent in their duties. Having worked in both the public and private banking sectors, Mário Palhares served as a board member and deputy governor of the National Bank of Angola between 1991 and 1997. Read the original article on ANGOP . AllAfrica publishes around 600 reports a day from more than 90 news organizations and over 500 other institutions and individuals , representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica . To address comments or complaints, please Contact us . AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 90 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. Get the latest in African news delivered straight to your inbox By submitting above, you agree to our privacy policy . We need to confirm your email address. To complete the process, please follow the instructions in the email we just sent you. There was a problem processing your submission. Please try again later.