For depositors of the Congolese Bank, in liquidation since 2011, it is the end of the ordeal: from Thursday, May 17, the Central Bank of Congo (BCC) will begin repayment of their assets.
The operation will be executed through two major banks of the Congolese financial center, the Raw Bank and the Commercial Bank of Congo (BCDC) and will initially concern 2708 depositors – 95% of clients of the Congolese Bank ( BC) – who will be reimbursed for all their assets. The announcement was made late last week by the governor of the BCC, Deogratias Mutombo, who delivered this information at a press conference, held in the presence of two members of the liquidation commission of the Congolese Bank, Elvis Mutir and Master Lubala. “The forced liquidation of the Congolese Bank, started in 2011, is coming to an end this year 2018. From Thursday, May 17, will begin the first phase of operation of disinterested or refund to the depositors at two commercial banks of the place […] “, said on this occasion the governor of the BCC.
Then, starting in August, a second phase will take place regarding the remaining 5% of clients of the deceased bank. For the latter, however, repayment terms will be significantly less favorable. “Given the low forecast rate of recovery from the State and large debtors, the liquidator can negotiate, this time with depositors, a discount,” said Déogratias Mutombo. The governor of the BCC thus completes its third repayment operation this year, after the depositors of Cobanc and Fibank, two other institutions also liquidated. Pending the finalization of the file of the International Bank for Africa in Congo (BIAC): in the absence of a buyer, the fourth bank in the country could also be the subject of a new forced liquidation.
