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Finance
BANCO BAI – BANCO AFRICANO DE INVESTI-
MENTO
José Carlos de Castro Palva
Managing Director
Rua Major Kanhangulo 34
Bairro Ingombota - Luanda
Tel:+244 222 693 800 / 693 899
Fax:+244 222 335 486
agenciasede@bancobai.ao
www.bancobai.co.ao
Area of activity: Banking
Date of creation: 1996
Banco Bai was founded in1996 and was the first
privately owned bank to operate in Angola.
Today, Banco Bai is a dynamic bank using the most
up-to-date technology that is actively engaged in
providing an attentive service to individual custom-
ers and offering innovating solutions to support
SMEs (Small and Medium Enterprises).
Banco Bai’s commitment to new technology has led
it to introduce many useful systems such as ATMs,
cash points, and credit and debit cards. These en-
courage people to deposit their savings in banks,
which in turn allows the banks to build up their re-
sources and offer more loans.
Micro-credit is also an excellent way of encouraging
growth. The bank remains committed to encourag-
ing small and medium-sized businesses to flourish
in Angola.
Currently, Banco Bai has 89 branches in Angola
and is also present in Portugal by BAI Europa, in
Cape Verde by BAI Cabo Verde, S. Tomé e Príncipe,
Brazil through partnerships that ensure BAI busi-
nesses and now in South Africa by a representative
office. In order to ensure its presence in the national
and international market, the bank has a team of
dedicated and expert professionals.
BANCO BCI – BANCO DE COMÉRCIO E INDÚS-
TRIA
Mr Adriano Rafael Pascoal
President
Rua Rainha Ginga 73–83
PO Box 1395 - Luanda
Tel:+244 222 331 433
Fax: +244 222 331 498
secretariado@bci.ao
www.bci.ao
Areas of activity: Bank services, Western Union of-
fices
Date of creation: 1991
Subsidiary of Sonangol, (the national petroleum
company of Angola), Banco de Comércio e Indús-
tria –Bank of Commercial and Industrial Commerce
–is one of the most important financial institutions in
Angola and was created in 1991 as a semi-private
bank. However, the bank was privatized in 2001.
The BCI manages the funds allocated by the central
government to the oil-rich provinces of Cabinda and
Zaire, which amounts to 10% of total oil revenues
from each province.
The bank also supports small and medium-scale
enterprises, under the government instigated Eco-
nomic and Social Development Fund (FDES), which
allocates loans of anything up to US$ 500,000 to
entrepreneurs.
The vision of the BCI is to gain a prominent market
position as a financial group that is capable of of-
fering global consistent solutions and products and
services of superior quality to its customers, while
seeking to contribute to the development of Angola.
Their mission is to provide banking services of rec-
ognized value to its customers and provide an at-
tractive return to investors, savers and other stake-
holders.
BANCO ESPIRITO SANTO ANGOLA – BESA
Mr Álvaro de Oliveira Madaleno Sobrinho
CEO
Rua Guilherme Pereira Inglês 43, 2nd Floor
Largo das Ingombotas - Luanda
Tel: +244 222 693 610
Fax:+244-222-337654 / 333645
besangola@angola.bes.pt
www.besa.ao
Area of activity: Banking
Date of creation: 2001
BESA – Banco Espírito Santo Angola, S.A. was
formally set up in August 2001. The bank resulted
from BES Group’s decision to capitalize on the ex-
perience gained in former years of the Angolan
economy to create an entirely new bank in Angola.
BESA opened for business in 2002 in Luanda. It is
the most recent private bank in Angola, offering an
attractive range of innovating products and services