Banco Africano de Investimentos bank leads Angolan banking market in 2010

3 November 2011

Luanda, Angola, 3 Nov – Angolan bank Banco Africano de Investimentos (BAI) in 2010 was the Angolan banking market leader by total assets totalling 775.692 billion kwanzas, according to a study by KPMG published Tuesday in Luanda.

In 2009, BAI was placed second in the same ranking with total assets of 738.735 billion kwanzas, Angolan news agency Angop reported.

According to the study, which used figures from 2010, Banco Espírito Santo Angola (BESA) was ranked second with 731.151 billion kwanzas (574.594 billion in 2009), in third was Banco de Poupança e Crédito (BPC) with 671.058 billion (458.361 billion in 2009), Banco de Fomento Angola (BFA) in fourth with 597.575 million (527.168 billion in 2009) and Banco BIC with 450.952 billion kwanzas (382.875 billion in 2009).

In terms of net profit BESA was placed first, with 30.489 billion kwanzas (16.842 billion in 2009), BFA followed with 24.068 billion (19.886 billion in 2009), BAI in third with 21.124 billion (20.654 billion in 2009), BPC in fourth place with 17.251 billion (12.456 billion in 2009) and Banco BIC with 13.160 billion (13.292 billion in 2009).

In terms of return on equity, the most profitable was VTB-Angola with 50.45 percent (6.59 percent in 2009), BESA with 46.08 percent (47.21 percent in 2009), BFA with 39.63 percent (40.10 percent in 2009), Banco Sol with 30.45 percent (47.20 percent in 2009) and BAI with 29.03 percent (36.35 percent in 2009).

In terms of loans, BESA was placed first, with 349.537 billion kwanzas (218.273 billion in 2009), BPC was second with 291.002 billion (243.570 billion in 2009), BAI in third with 249.002 billion (285.427 billion in 2009), Banco BIC with 190.514 billion (172.734 billion in 2009) and BFA in fifth place with 155.565 billion (164.835 billion in 2009). (macauhub)

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