Banco Angolano de Investimentos (BAI) is one of the largest banks in the world and is the 20th on a list of the 25 largest banks in Africa, according to British magazine the Banker.
According to the British publication, the position that BAI occupies in the list of the largest banks in Africa is due to its high liquidity profile with its cash and liquidity applications representing 33% of total assets and high solvency. Its regulatory solvency ratio has reached 19%, which is above the 10% minimum required by the National Bank of Angola (BNA).
The list points to increases in profits of sub-Saharan African banks compared to the previous year, boosted by the region’s overall economic recovery, with Angolan banks contributing 22% to profits.
Last year, BAI posted a net profit of 55 billion kwanzas, an increase of 11% over the previous year, which reflects the bank’s leading position in terms of deposits.
To rank the development and growth of banks around the world the Banker magazine compares indicators such as assets, solvency and liquidity ratios and pre-tax benefits.
BAI is present throughout Angola, with more than 142 service points, including branches and business centres, and has about 2,000 employees.
The Bank is also present in Portugal and Cabo Verde (Cape Verde), through wholly-owned subsidiaries and has a minority stake in Banco Internacional de São Tomé e Príncipe. (macauhub)