Banco Angolano de Investimentos

Banco Angolano de Investimentos

Type	Common stock company (S.A.)
Industry	Finance
Founded	November 13, 1996
Headquarters	Luanda
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.

References

↑ Annual report 2011, Page 173 (en)

External links

Economy of Angola

Currency: Angolan kwanza

Banking	Banking Banco Nacional de Angola Banco Angolano de Investimentos Banco Angolano de Negócios e Comércio Banco BAI Microfinanças Banco BIC Banco Caixa Geral Totta de Angola Banco Comercial Angolano Banco de Comércio e Indústria Banco Comercial do Huambo Banco de Comércio e Indústria Banco de Desenvolvimento de Angola Banco Económico (Angola) Banco de Fomento Angola Banco de Investimento Rural Banco Kwanza Invest Banco Millenium Angola Banco de Negócios Internacional Banco Privado Atlântico Banco Valor Banco de Poupança e Crédito Banco Regional do Keve Banco Sol Standard Chartered Bank Banco VTB África Finibanco Angola Standard Bank

Communications	Airports Communications Companies History of Trade Trade unions Transportation

Industries:	Agriculture Coffee Energy Fishing Mining Petroleum Tourism

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