Banco Angolano de Investimentos

Last updated
Banco Angolano de Investimentos
TypeCommon stock company (S.A.)
Industry Finance
FoundedNovember 13, 1996
Headquarters Luanda, Angola
Key people
 Pedro António Filipe
Products Financial services
Website www.bancobai.ao

Banco Angolano de Investimentos (formerly Banco Africano de Investimentos), short BAI, was founded in 1996 as the first private bank in Angola. The BAI is a full-service bank operating in Angola with a nationwide network of (mid-2012) 89 branches in all 18 provinces, with 41 of those branches in Luanda Province. In 9 of the 18 provinces, BAI operates only one branch office.

The largest shareholder is Sonangol, with 8.5% of the bank's capital. Arcinella Assets and Sforza Properties hold 7% respective 6.5% of the shares, six others hold 5% each; the remaining 48% are spread in smaller allotments. [1]

The BAI has one representation in Portugal, the Banco BAI Europa S.A. with two branches, Lisbon and Porto. In 2008 BAI opened the Banco BAI Cabo Verde in Cape Verde with several branches. During the last year, BAI bought the Banco BAI Microfinanças (BMF), a small bank in Angola that offers several services including Western Union payment transfers.

BAI also is the shareholder in other companies, like the Banco Sul Atlantico (BSA), IFI in Cape Verde, Brasil Banco Múltiplo in Brazil, Banco Internacional de S. Tomé e Príncipe (BISTP) in São Tomé and Principe and other companies.

Related Research Articles

Demographics of São Tomé and Príncipe

This article is about the demographic features of the population of São Tomé and Príncipe, including population density, ethnicity, education level, health of the populace, economic status, religious affiliations and other aspects of the population.

Banco Nacional Ultramarino was a Portuguese bank with operations throughout the world, especially in Portugal's former overseas provinces. It ceased existence as an independent legal entity in Portugal following its merger in 2001 with Caixa Geral de Depósitos, the government-owned savings bank.

São Tomé and Príncipe dobra Currency of São Tomé and Príncipe

The dobra is the currency of São Tomé and Príncipe. It is abbreviated Db and is divided into 100 cêntimos. The first dobra (STD) was introduced in 1977, replacing the escudo at par. Due to past inflation, on 1 January 2018 the dobra was redenominated at a rate of 1000 to 1, and given the new ISO 4217 currency code STN.

Caixa Geral de Depósitos Portuguese public banking institution

Caixa Geral de Depósitos (CGD) is a Portuguese state-owned banking corporation, and the second largest bank in Portugal. CGD is Portugal's largest public sector banking corporation, established in Lisbon in 1876.

Portuguese-speaking African countries Former African Portuguese colonies where Portuguese is official

The Portuguese-speaking African countries, also known as Lusophone Africa, consist of six African countries in which the Portuguese language is an official language: Angola, Cape Verde, Guinea-Bissau, Mozambique, São Tomé and Príncipe and, since 2011, Equatorial Guinea. The six countries are former colonies of the Portuguese Empire. From 1778 until independence, Equatorial Guinea was also a colony of the Spanish Empire.

Banco de Poupança e Crédito (BPC) is a government-owned, full service bank in Angola. With some 68 branches, including one in Cabinda, it has the largest branch network in the country.

Banco Espírito Santo

Banco Espírito Santo (BES) was a Portuguese bank based in Lisbon that on 4 August 2014 was split in two banks: Novo Banco, which kept its healthy operations, and a "bad bank" to keep its toxic assets.

Pedro de Castro van Dúnem, also known as Comandante Loy, was an Angolan politician. He served in various leading functions within the MPLA during the Angolan liberation struggle against Portuguese colonial rule and within the country's government after achieving independence.

Portuguese Commercial Bank, is a Portuguese bank that was founded in 1985 and is the largest private bank in the country. BCP is a member of the Euronext 100 stock index and its current chief executive officer is Miguel Maya Dias Pinheiro. BCP is based in Porto, but its operations are headquartered in Oeiras, Greater Lisbon. It operates a branch brand-dubbed and restyled in 2004 as Millennium BCP as well as Banque BCP and ActivoBank.

The Espírito Santo Financial Group (ESFG) is a Portuguese holding company with headquarters in Luxembourg, founded in 1984. The group represents the interests of the Portuguese Espirito Santo Group, which has major investments in Portugal and Europe, Americas, Africa and Asia.

Isabel dos Santos Businesswoman

Isabel dos Santos is an Angolan-Russian businesswoman, the eldest child of Angola's former President José Eduardo dos Santos, who ruled the country from 1979 to 2017. Once considered Africa's richest woman according to Forbes magazine, with a net worth exceeding US$2 billion, she was dropped from the magazine's list in January 2021 after the freezing of her assets in Angola, Portugal and the Netherlands. She owes $340 million in debt to the Portuguese company PT Ventures.

Banco Português de Investimento

Banco Português de Investimento is a major privately owned bank in Portugal owned by Spanish bank CaixaBank. It runs the banking business with companies, institutional and private clients. As Sociedade Portuguesa de Investimentos it was founded in 1981 by Artur Santos Silva. It is the third largest private Portuguese financial group with assets of €112.9 billion. Chairman and CEO is Fernando Ulrich. The bank is headquartered in Porto.

São Tomé and Príncipe Country in the Gulf of Guinea

São Tomé and Príncipe, officially the Democratic Republic of São Tomé and Príncipe, is an island country in the Gulf of Guinea, off the western equatorial coast of Central Africa. It consists of two archipelagos around the two main islands of São Tomé and Príncipe, about 140 km (87 mi) apart and about 250 and 225 km off the northwestern coast of Gabon. With a population of 201,800, São Tomé and Príncipe is the second-smallest and second-least populous African sovereign state after Seychelles as well as the smallest and least populous Portuguese-speaking country in the world.

Central Bank of São Tomé and Príncipe Central Bank of São Tomè and Príncipe

The Central Bank of São Tomé and Príncipe is the central bank of São Tomé and Príncipe, a Portuguese-speaking island nation off the western equatorial coast of Central Africa.

Ferbar - Fernando Barros, Produtos Alimentares, Lda or simply Ferbar, is a Portuguese company specialized on wholesale of food products, including canned vegetables, sauces, tomato products and canned fruits. The company, headquartered in Maia, Greater Porto subregion, is the leading brand on its segment in Portugal. The company exports its wide range of products to several countries, including Angola and Mozambique.

The Angolan Men's Basketball League, is the top tier men’s basketball league in Angola. Formerly known as BAI Basket, BIC Basket, and now Unitel Basket, named after its major sponsors, formerly Banco Africano de Investimentos, Banco de Investimento e Crédito and now Unitel, the competition is organized by the Angolan Basketball Federation.

São Tomé and Príncipe at the 2016 Summer Paralympics Sporting event delegation

São Tomé and Príncipe competed at the 2016 Summer Paralympics in Rio de Janeiro, Brazil from 7 to 18 September 2016. The country's participation in Rio marked its debut appearance in the quadrennial event, although it had competed in the Summer Olympics six times since the 1996 Games. The delegation consisted of a single short-distance runner Alex Anjos, who was chosen as São Tomé and Príncipe's flag bearer for the opening ceremony. Anjos was disqualified from the men's 100 metres (T47) for arriving late and failed to advance into the final of the men's 400 metres (T47) after failing to set a fast enough lap time.

Manuel Ferreira was a Portuguese writer.

Bank BIC Namibia Limited is a commercial bank in Namibia. It is licensed by the Bank of Namibia, the central bank and national banking regulator. The bank is a subsidiary of the Bank BIC Group, a financial services conglomerate, based in Angola, with banking subsidiaries in Angola, Portugal, Cape Verde and Namibia, with a representative office in South Africa. 

References

  1. ↑ "Annual report 2011, Page 173 (en)" (PDF). Archived from the original (PDF) on 2013-11-06. Retrieved 2012-08-12.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.