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.
Referencesedit
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banco, angolano, investimentos, formerly, banco, africano, investimentos, short, founded, 1996, first, private, bank, angola, full, service, bank, operating, angola, with, nationwide, network, 2012, branches, provinces, with, those, branches, luanda, province,. 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 Banco Angolano de InvestimentosCompany typeCommon stock company S A IndustryFinanceFoundedNovember 13 1996HeadquartersLuanda AngolaKey peoplePedro Antonio FilipeProductsFinancial servicesWebsitewww bancobai ao 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 Microfinancas 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 Multiplo in Brazil Banco Internacional de S Tome e Principe BISTP in Sao Tome and Principe and other companies References edit Annual report 2011 Page 173 en PDF Archived from the original PDF on 2013 11 06 Retrieved 2012 08 12 nbsp This Angola related article is a stub You can help Wikipedia by expanding it vte nbsp This African bank or banking related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Banco Angolano de Investimentos amp oldid 1055965040, wikipedia, wiki, book, books, library,
