All members of BFA’s corporate governance bodies possess the technical expertise, professional experience, and moral integrity required to perform their duties. They are bound by strict confidentiality obligations and are subject to a comprehensive set of rules designed to prevent conflicts of interest or market abuse involving inside information, thereby upholding the highest standards of good governance.

The SHAREHOLDERS' GENERAL MEETING is the governing body comprising all the Bank’s shareholders and operates in accordance with the terms and conditions laid down in BFA’s Articles of Association.

The BOARD OF THE SHAREHOLDERS' GENERAL MEETING has the following composition:

Chairperson
(to be appointed)

Secretary
Flávia Nahari Furtado Gomes

In accordance with BFA's Articles of Association and Regulations, the BOARD OF DIRECTORS (BOD) comprises an odd number of members (a minimum of 7 and a maximum of 15), subject to the resolution of the Shareholders’ General Meeting, who elect the Chairman of the Board of Directors  and, if deemed appropriate, one or more deputy chairmen.

The BOARD OF DIRECTORS has the following composition:

Chairwoman
Maria do Carmo Bastos Corte Real Bernardo

Deputy Chairman
Valter Rui Dias de Barros (Independente)

Non-Executive Directors
Yuri Gualdino da Cruz Dias (Independent)
Inês Natália de Menezes Baptista (Independent)
Divaldo Kienda Feijó Palhares
Jacinto Manuel Veloso
Maria Amélia Montenegro Duarte
José António Cerqueira

Executive Directors
Luís Roberto Fernandes Gonçalves
Paulo Lélis de Freitas Alves
José Alves do Nascimento
Paulo Valódia de Carvalho Moreira da Silva
Elizabeth Henriques dos Santos Tristão
João Gonçalo Lourenço de Jesus
Nelson Rodera Monteiro

Currently, BFA’s Board of Directors has five support and advisory committees, established in accordance with regulatory requirements and best corporate governance practices for banking institutions, as laid down by the international standards of the European Banking Authority (EBA), namely:

Risk Committee;
2.Audit and Internal Control Committee;
3. IT and Innovation Committee;
4. Governance, Nominations, Evaluation and Remuneration Committee;
5. Sustainability Committee.

BFA’s day-to-day management is carried out by the EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS (“EXCO”). In accordance with BFA’s Articles of Association and its particular Regulations, the EXCO is composed of three (3), five (5) or seven (7) members appointed by the Board of Directors, who shall designate the Executive Committee Chair (who also serves as Chief Executive Officer) from among its members.

Currently, BFA’s EXCO comprises seven (7) Directors:

Chairperson
Luís Roberto Fernandes Gonçalves

Executive Directors
Paulo Lélis de Freitas Alves
José Alves do Nascimento
Paulo Valódia de Carvalho Moreira da Silva
Elizabeth Henriques dos Santos Tristão
João Gonçalo Lourenço de Jesus
Nelson Rodera Monteiro

BFA’s EXCO currently comprises twelve (12) support committees entrusted with reviewing, approving and monitoring specific proposals and information related to the Bank’s comprehensive business strategy and risk management, namely:

The Bank’s organisational chart is based on a functional structure, which enables a clear division of the different business areas and duties of each directorate, under the oversight of each of the Executive Directors.

The composition and functioning of the Supervisory Board are governed by the provisions set out in its Articles of Association and Regulations. According to these, it comprises a chairperson and two full members, one of whom must be an expert in accounting (Chartered Accountant).

BFA's Supervisory Board is made up of the following members:

Chairperson
(to be appointed)

Members
Luzia Rodrigues de Castro Peres do Amaral
Henda Nzinga da Câmara Pires Teixeira
Alexandre Pedro Manuel (Alternate Member)
Valdir de Jesus Lima Rodrigues (Alternate Member)

BFA’s external audit is carried out by Ernst & Young Angola, in accordance with the rules governing the provision of services laid down in BNA Notice No. 09/21.

The Bank asserts and ensures that its auditors are independent in terms of compliance with applicable regulatory and professional requirements, and that their objectivity is not compromised.

Accordingly, BFA has incorporated several mechanisms into its corporate governance practices and policies to safeguard the independence of its external auditors.