Banco Best is a financial institution created in 2001, operating in the areas of Banking, Asset Management and Trading

Trade

Trade is the transfer of ownership of goods and services from one person or entity to another. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and...

. The shareholder structure of Banco Best S.A. as of last December 22, 2009, comprises GBES

Banco Espírito Santo

Banco Espírito Santo is a private Portuguese bank, based in Lisbon.The Banco Espírito Santo’s origins began with the lottery, currency exchange and securities business carried out by José Maria do Espírito Santo e Silva between 1869 and 1884...

 holding 66%, Espírito Santo Financial Group holding 9% and Saxo Bank

Saxo Bank

Saxo Bank is an online Danish investment bank. It was founded as a brokerage firm in 1992, under the name Midas Fondsmæglerselskab, by Lars Seier Christensen, Kim Fournais and Marc Hauschildt. The name was changed to Saxo when the company obtained a banking license in 2001. Saxo offers trading...

, holding 25% of the share capital.

Headquarters and Investment Centres

Banco Best's headquarters is located 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...

. Investment Centres are located in Braga

Braga

Braga , a city in the Braga Municipality in northwestern Portugal, is the capital of the Braga District, the oldest archdiocese and the third major city of the country. Braga is the oldest Portuguese city and one of the oldest Christian cities in the World...

, 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...

, Espinho

Espinho, Portugal

Espinho is a city in Espinho Municipality in Portugal. It is a reputed beach resort and a zone of legal gambling with a casino - Casino Solverde. Its fair - Feira de Espinho, having been first organised in 1894, is well known in Portugal...

, Aveiro, Águeda, Leiria

Leiria

Leiria is a city in Leiria Municipality in the Centro Region, Portugal. It is the capital of Leiria District. The city proper has 50,200 inhabitants and the entire municipality has nearly 120,000...

, Peniche, 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...

, Évora

Évora

Évora is a municipality in Portugal. It has total area of with a population of 55,619 inhabitants. It is the seat of the Évora District and capital of the Alentejo region. The municipality is composed of 19 civil parishes, and is located in Évora District....

 and Faro

Faro, Portugal

Faro is the southernmost city in Portugal. It is located in the Faro Municipality in southern Portugal. The city proper has 41,934 inhabitants and the entire municipality has 58,305. It is the seat of the Faro District and capital of the Algarve region...

.

Distribution Channels

• Online banking
  Online banking
  Online banking allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank, credit union or building society.-Features:...
  
  
• Mobile banking
  Mobile Banking
  Mobile banking is a term used for performing balance checks, account transactions, payments, credit applications and other banking transactions through a mobile device such as a mobile phone or Personal Digital Assistant . The earliest mobile banking services were offered over SMS...
  
  
• Investment Centres
• Personal Financial Advisor
• Telephone banking
  Telephone banking
  Telephone banking is a service provided by a financial institution, which allows its customers to perform transactions over the telephone.Most telephone banking services use an automated phone answering system with phone keypad response or voice recognition capability...
  
  

Market Shares

By the end of 2009, Banco Best registered 28% market share in foreign mutual funds distribution and 46% market share in futures and derivatives trading.

B2B partnerships

There are partners operating in various developed markets, mainly in South America (Brazil) and Central Europe, the next milestone being partnering with Saxo Bank S/A

Saxo Bank

Saxo Bank is an online Danish investment bank. It was founded as a brokerage firm in 1992, under the name Midas Fondsmæglerselskab, by Lars Seier Christensen, Kim Fournais and Marc Hauschildt. The name was changed to Saxo when the company obtained a banking license in 2001. Saxo offers trading...

, to create a joint online wealth management approach to a number of markets.

Board of Directors

• Ricardo Salgado
• Isabel Ferreira
• Marília Cabral
• Pedro Neves
• Francisco Santos
• Isabel de Almeida Bernardino
• Ana Barosa
• Stig Pastwa
• Enrique Finkelstein

In the Press

Although most of the bank's products and services launches are covered by the Portuguese press, Banco Best had an international coverage after launching a special deposit called ‘McCain-Obama’ for the occasion of the US Presidential Elections in October 2008.