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-1996).
It is registered with the Luanda Commercial Registry under number 10/97, as Taxpayer no. 5410000510, with the National Bank of Angola (BNA) under number 40, and with the Debt and Securities Exchange of Angola as a trading and settlement member.
The Bank was founded on 14 November 1996, becoming the first private bank with national capital established in Angola.
The Bank’s corporate purpose is the exercise of banking activities, in accordance with and within the limits defined by the BNA, focusing on raising third-party funds in the form of deposits, certificates of deposit and cash bonds, which it allocates, together with its own resources, to the granting of credit, investments in financial institutions, the acquisition of securities or other assets for which it is duly authorised.
The Bank carries out its main activity in the banking sector in Angola, in both the corporate and retail segments, and together with its subsidiaries that form the BAI Group, it presents itself as a diversified economic group, which includes companies in the financial sector in Angola, such as NOSSA Seguros and ÁUREA SDVM, as well as holdings in financial institutions in other geographies, namely in Portugal (BAI Europa), Cape Verde (BAI Cabo Verde) and São Tomé and Príncipe (Banco Internacional de São Tomé e Príncipe). The Group also holds investments in companies from sectors complementary to financial activity, such as the Sociedade Angolana de Ensino Superior Privado (SAESP).
History
BAI was founded on 14 November 1996, headquartered in Luanda, with the clear purpose of becoming the first private national bank, focused on the investment market.