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Annual Report 2018

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Annual Report 2018 Annual Report 2018 2 Contents 1. GOVERNING BODIES .......................................................................................................................4 2. DEPARTMENTS AND BRANCH OFFICE NETWORK ...........................................................................5 3. SHARE CAPITAL ...............................................................................................................................8 4. KEY INDICATORS ..............................................................................................................................9 5. CHAIRMAN´S MESSAGE ................................................................................................................ 10 6. INTERNATIONAL AND NATIONAL ENVIRONMENT 13 6.1. INTERNATIONAL .................................................................................................................... 13 6.2. NATIONAL .............................................................................................................................. 16 6.2.1. General Information ................................................................................................... 16 6.2.2. Financial System ......................................................................................................... 20 6.2.3. BCA in the System....................................................................................................... 21 7. STRATEGIC VISION ........................................................................................................................ 24 8. COMMERCIAL ACTIVITY ................................................................................................................ 26 8.1. FUNDS ................................................................................................................................... 26 8.2. LOAN...................................................................................................................................... 28 8.2.1. Analysis of Granted Loans .......................................................................................... 28 8.2.2. Analysis of Loan Portfolio ........................................................................................... 28 9. OTHER ACTIVITIES ........................................................................................................................ 31 9.1. HUMAN RESOURCES ............................................................................................................. 31 9.2. RISK MANAGEMENT, INTERNAL AUDIT AND CONTROL ........................................................ 34 9.3. MARKETING AND PUBLIC RELATIONS .................................................................................. 40 9.4 INTERNATIONAL AND LIQUIDITY MANAGEMENT .................................................................. 42 9.5. OTHER SUPPORTING ACTIVITIES ........................................................................................... 44 10. ANALYSIS OF ECONOMIC-FINANCIAL SITUATION ...................................................................... 46 10.1. BALANCE SHEET DEVELOPMENT ......................................................................................... 46 10.2. INCOME STATEMENT .......................................................................................................... 49 10.3. ANALYSIS OF THE RATIOS .................................................................................................... 51 10.4. PRUDENTIAL RATIOS ........................................................................................................... 52 11. APPROPRIATION OF NET INCOME ............................................................................................. 54 12. CORRESPONDENT BANKS ........................................................................................................... 55 13. NOTES ......................................................................................................................................... 57 3 ANNUAL REPORT 2018 1. GOVERNING BODIES The Ordinary General Meeting of the Banco Comercial do Atlântico (BCA), held on April 25th 2015, elected, in accordance with article 13 of its Articles of Association, the majority of the members of the Governing Bodies that were completed with the election held at the Extraordinary General Meeting of October 29th, 2015. The Governing Bodies are thus composed: General Meeting Audit Board Chairman Mr. Miguel António Ramos Chairman: Eng. António José do Nascimento Ribeiro Vice-Chairman Mr. Salomão Jorge Barbosa Ribeiro Member: Ms. Maria de Fátima Oliveira de Melo Fernandes Sanchas Secretary: Mr. Dulce Patricia Dias Lopes Chantre Member: Mr. José Ricardo Vaz Fernandes Benoliel Deputy Member Mr. Francisco Sebastião Correia Board of Directors Teixeira The Board of Directors is appointed by the General Meeting and consists of a Chairman and six Board Members, four of Deputy Member: Mr. Adelino Vital Fonseca whom are non-executive members: The Executive Board is appointed by the Board of Directors and Chairman Professor António José de Castro Guerra, it includes three members: PhD (until July 4th 2018) Professor António José de Castro Chairman Mr. Francisco Pinto Machado Costa Guerra, PhD (from July 5th 2018) Chairman until July 4th 2018 Board Member Mr. Francisco Pinto Machado Mr. Francisco Pinto Machado Costa Costa (until July 4th 2018) Chairman from July 5th 2018 Board Member Mr. Filipe Lamego Mr. Francisco Pinto Machado Costa (From February 26th 2018) Member until July 4th 2018 Mr. Filipe Lamego Board Member Mr. David Hopffer Cordeiro Almada Member from February 26th 2018 Board Member Ms. Carla Maria Moniz Brigham Gomes Board Member Mr. José Rui Cruz Lopes Gomes Board Member Mr. Manuel José Dias Esteves 4 2. DEPARTMENTS AND BRANCH OFFICE NETWORK Northern Commercial Southern Commercial Department – DCN Department - DCS Gilda Monteiro Herminalda Rodrigues Diretor Director Risk Management Department - Financial and International Department – DFI DGR Amélia Figueiredo Filomena Figueiredo Director Director Means and Channels Department Organization and Innovation Department - DOI – DMC Águeda Monteiro Américo Andrade Director Director IT Systems Department – DSI Security and Logistics Department – DSL Luís Barbosa Adalberto Melo Director Director Operational Support Department - DSO Credit Recovery Office - GRE Anibal Moreira Nuno CabraL Director Coordinator Human Resources Department – DRH Legal and Pre-Legal Office - GJC Niva Barbosa – Head of Dulce Lopes Division Coordinator Jacqueline Cruz – Head of Compliance Supporting Office – GFC Division Monica Sanches Coordinator Internal Audit Department – DAI Emanuel Miranda Director Research and Studies Office Marketing and Public Relations Office – GMR Evaldo Lima Paula Martins Coordinator Coordinator NORTHERN CORPORATE OFFICES SOUTHERN CORPORATE OFFICES Northern Corporate Offices – Southern Corporate Office I – GEN Virgínia Correia GES I Coordinator Zara Vicente Coordinator Corporate Office Sal – GESA Southern Corporate Office II – Vera Zego GES II Nelson Moreira Coordinator Coordinator 5 2018 ANNUAL REPORT NORTHEN AREA BRANCHES SOUTHERN AREA BRANCHES Elisa Santos Luis Ramos Celmira Mendes Coordinator Coordinator Coordinator Type I Branches Type I Branches São Vicente Branch – ASV Praia Branch – APA Maísa Sancha Crisóstomo Sofia Barbosa Manager Manager Santa Catarina Branch – ASC Miguel Ângelo Tavares Landim Manager Type II Branches Type II Branches Boa Vista Branch – ABV Achada Santo António I Branch – ASTI Valdina Monteiro Romina Tavares Manager Manager Praça Nova Branch - PNA Avenida Branch – AVE Lídia Pereira Admar Frederico Manager Manager Porto Novo Branch – APN Elder Rodrigues São Filipe Branch - FOGO - AFG Manager Luis dos Reis Manager Tarrafal Branch – ATA Ribeira Grande Branch – ARG Isabel Costa Osvaldina Espírito Santo G. Brito Manager Manager Sal Branch - ASA Aeroporto Internacional Amílcar Cabral Counter Carla Santos Manager São Nicolau Branch – ASN Extension Tarrafal de São Nicolau Branch – ATS Augusta Benilde Cruz Manager Type III Branches Type III Branches Fonte Filipe Branch – AFF Achada Santo António II Branch – ASTII António Évora Dulce Santos Manager Manager Monte Sossêgo Branch – AMS Brava Branch – ABR Nelson Gomes Ângela Rosa Manager Manager 6 Ponta do Sol Branch – APS Maio Branch – AMA Paúl Branch – APL (Ext. ARG) Alexandrino Anes Osvaldina Espirito Santo G. Brito Manager Manager Santa Maria Branch – ASM Mosteiros Branch – AMO Elizabeth Alexandre Luis dos Reis Manager Manager Achada S. Filipe Branch - ASF Palmarejo Grande Branch – APG Extension São Domingos Branch - Joaquina Lopes Tavares PSD Manager Maria Borges Manager Assomada Branch – ADA Santa Cruz Branch – STC Claudio Filipe Barros Mendonça José Moniz Manager Manager Chã de Areia Branch – ACA Neusa Melo Manager 7 2018 ANNUAL REPORT 3. SHARE CAPITAL BCAs share capital amounts to 1,324,765,000$00 (one billion, three hundred and twenty-four million, seven hundred and sixty-five thousand CVE) and, on December 31st 2018, was held by the shareholders listed on the following table, in which it can be seen that the equity stakes of Caixa Geral de Depósitos, SA/Banco Interatlântico, SA group, the INPS - Instituto Nacional de Previdencial Social, the Caixa Geral de Depósitos, the Garantia - Companhia de Seguros de Cabo Verde, SA and ASA - Aeroporto e Segurança Aérea, SA, correspond to more than two percent (2%). Table 1 - Share Capital of BCA CVE Shareholder Amount
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