Banco Africano de Investimentos
Encyclopedia
Banco Africano de Investimentos, part of the Sonangol Group
Sonangol Group
Group Sonangol is a parastatal that oversees petroleum and natural gas production in Angola. Sonangol actually had become a fundraising machine of government. The group consists of Sonangol EP and its many subsidiaries...

, is a full service bank operating in Angola
Angola
Angola, officially the Republic of Angola , is a country in south-central Africa bordered by Namibia on the south, the Democratic Republic of the Congo on the north, and Zambia on the east; its west coast is on the Atlantic Ocean with Luanda as its capital city...

. The bank operates a nationwide network of branches
Branch (banking)
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution offers a wide array of face-to-face and automated services to its customers....

, including 16 branches in Luanda
Luanda
Luanda, formerly named São Paulo da Assunção de Loanda, is the capital and largest city of Angola. Located on Angola's coast with the Atlantic Ocean, Luanda is both Angola's chief seaport and its administrative center. It has a population of at least 5 million...

 and 1 in South Africa.

The BAI has 1 filial in Portugal
Portugal
Portugal , officially the Portuguese Republic is a country situated in southwestern Europe on the Iberian Peninsula. Portugal is the westernmost country of Europe, and is bordered by the Atlantic Ocean to the West and South and by Spain to the North and East. The Atlantic archipelagos of the...

, Banco BAI Europa S.A. and this filial has 2 branches 1 in Lisbon
Lisbon
Lisbon is the capital city and largest city of Portugal with a population of 545,245 within its administrative limits on a land area of . The urban area of Lisbon extends beyond the administrative city limits with a population of 3 million on an area of , making it the 9th most populous urban...

 and another branch in Porto
Porto
Porto , also known as Oporto in English, is the second largest city in Portugal and one of the major urban areas in the Iberian Peninsula. Its administrative limits include a population of 237,559 inhabitants distributed within 15 civil parishes...

.

In 2008 BAI open another filial in Cape Verde
Cape Verde
The Republic of Cape Verde is an island country, spanning an archipelago of 10 islands located in the central Atlantic Ocean, 570 kilometres off the coast of Western Africa...

and this filial has several branch in CCape Verde.

During the last year, BAI buy the BMF-Banco BAI Microfinanças, this bank is a small bank in Angola and offer several services including Western Union payments.

BAI also is the shareholder in others companies, like the BSA-Banco Sul Atlantico IFI in Cape Verde, BPN Brasil Banco Múltiplo S/A in Brazil, BISTP - Banco Internacional de S. Tomé e Príncipe, in São Tomé and Principe and other companies.

External links

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