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Capeverdean Business Bank profits rise 17% in 2022 to €4.7 million

Banco Caboverdiano de Negócios (BCN) recorded profits of €4.7 million in 2022, an increase of almost 17% compared to the previous year, indicating the institution's report and accounts, consulted today by Lusa.

According to the document, despite the profits generated by that bank - which was led for several years by the Portuguese ex-Banif - shareholders maintain the option of "not distributing dividends" in the 2018-2022 horizon to "enhance its activity," as "prudent position and to strengthen the bank's equity."

The bank closed the 2022 accounts with a net income of more than €4.7 million . . .

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