Deputy Prime Minister (PM), and Minister Coordinator for Economic Affairs (MCAE), and Minister of Tourism and Environment (MTA), as well as the sole shareholder of the National Commercial Bank of Timor-Leste (BNCTL), Francisco Kalbuadi Lay, swore in the Chairman of the Board of Directors, Januario da Gama and Chairman of the Board of Directors, Marcho Salaze Carval. CCD meeting, Ex Lama Market, March 20, 2025, for a two-year mandate 2025-2027.

At the inauguration ceremony, Deputy Prime Minister (V-PM) and Minister Coordinator for Economic Affairs (MCAE) and Minister of Tourism and Environment (MTA), Francisco Kalbuadi Lay, demanded the newly inaugurated structure to uphold the values ​​of the banking sector, and create an environment of transparency. all citizens can feel confident in the bank’s financial system.

Minister Coordinator for Economic Affairs together with the Governor of the Central Bank of Timor-Leste (BCTL), Helder Lopes including other government members witnessed the inauguration ceremony of the President of the Board of Directors and President of the Executive Committee.

According to the Vice-PM and MCAE, the inauguration ceremony of the Board of Directors (CEO) and the Executive Board (President) of BNCTL marks an important chapter in the country’s journey to sustainable economic development.

Therefore, through the ceremony of receiving the new structure, the Vice PM, and MCAE and MTA, committed to continue to support the institutions that are important agents for the economy of Timor-Leste because the people are the center of development.

Therefore, V-PM, MCAE asked the structure of BNCTL to work with transparency, responsibility to win the trust of the people in the financial system to contribute to the development of all people for a better life.
The Government (MCAE) has a clear policy that we are committed to supporting the principles of good governance, transparency and accountability in all programs and activities. These principles are not just ideas, but become the cornerstone of MCAE’s strategy to ensure that the country’s economic development.

In addition, the Deputy Prime Minister and Minister Coordinator for Economic Affairs also called attention to all state servants especially the new leadership in BNCTL must put the people as the center of development.
“As we begin this new chapter with the leadership of the National Bank of Commerce, let us remember that our people must be the center of development. Their needs and aspirations must guide our actions and decisions.
Vice. PM asked the new Board of Directors (CEO) and Executive Board (President), he requires you to hold these values ​​in the banking sector, because your leadership will be very important to create a transparent governance environment, so that all citizens can feel confidence in the financial system.

“Together, we can help build a more resilient and prosperous Timor-Leste. I would also like to thank the former Board of Directors (CEO) and Executive Board (President) for their dedication and hard work during many years in your offices, which brought success to BNCTL,” said Vice PM.

In the same place, the Governor of the Central Bank of Timor-Leste (BCTL), Helder Lopes who delivered his intervention asked the two employees to work together with the entire structure of BNCTL to take care of BNCTL well and responsibly, because BNCTL is a unique bank that dominates the market both deposit and credit in the financial industry. shake, make the economy shake and can make the country shake from an economic perspective.

The Governor of the Central Bank also asked His Excellency the Deputy Prime Minister and Coordinating Minister for Economic Affairs, Minister of Tourism and Environment, Francisco Kalbuadi Lay to take care of BNCTL as the only government bank that needs to ensure its good governance, ensure its deficiencies and support the development of the bank. socio-economic in Timor-Leste.

BNCTL’s three priority programs that are important to implement through working with the Central Bank are “expanding credit market penetration, digitalizing financial services to reach customers faster, and financial inclusion for all, as they sustain the economy in Timor-Leste.

Source: media V-PM and MCAE.