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Banco Angolano de Investimentos
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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).
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History
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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. [citation needed]
The Bank’s corporate purpose is the exercise of banking activities, in accordance with and within the limits defined by the National Bank of Angola (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 loans, deposits with the BNA, investments in financial institutions, the acquisition of securities, or other assets for which it is duly authorised.
The Bank also provides other banking services and carries out various types of foreign currency operations.
On 4 May 2008, BAI changed its legal form from a private limited liability company (S.A.R.L.) to a public limited company (S.A.).
On 11 January 2011, the Bank changed its name from Banco Africano de Investimentos, S.A. to Banco Angolano de Investimentos, S.A.
The year 2022 was a milestone in BAI’s history, marked by the amendment of the Company’s Articles of Association, transforming it into a Public Limited Company (PLC), following the completion of the Public Offering for Sale of 1,945,000 shares representing 10% of the Bank’s share capital.
With this, BAI became the first Angolan company whose shares were admitted to trading on the stock exchange.
Key historical milestones
1996
Foundation of BAI
Initially named Banco Africano de Investimentos.
1998
BAI Europa
International expansion with the opening of the Lisbon branch (which would later become BAI Europa in 2022).
2003
BISTP
Acquisition of a shareholding in Banco Internacional de São Tomé e Príncipe (BISTP).
2004
Virtual Branch
Creation of the virtual branch, enabling transactions via the internet or SMS.
2007
BAI Directo
Launch of the internet banking platform for fully online banking operations.
2008
BAI Cabo Verde
Incorporation of BAI Cabo Verde in the City of Praia.
2012
NOSSA Seguros / SAESP
Acquisition of a controlling stake in NOSSA Seguros.
Inauguration of BAI Academy (SAESP).
2021
1.5 million Clients
Milestone reached.
2022
BAI Initial Public Offering [3]
2023
PAY4All
Incorporation of the entity.
2024
BAI Directo
Launch of the Business App.
2.5 million Clients – Milestone reached.
“Made in Angola” Seal – Pioneer in joining the seal.
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Group
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The BAI Group has several subsidiaries, including:
| Entity | Sector of activity | Country | % Direct Participation | % Effective Participation |
| BAI - Banco Angolano de Investimentos, S.A. | Banking | Angola | Empresa-mãe | |
| BAIE - BAI Europa, S.A. | Banking | Portugal | 99,99% | 99,99% |
| BAICV - BAI Cabo Verde, S.A. | Banking | Cabo Verde | 81,63% | 81,63% |
| BISTP - Banco Internacional de São Tomé e Príncipe, S.A.R.L. | Banking | São Tomé e Príncipe | 25,00% | 25,00% |
| NOSSA - Nova Sociedade Seguros Angola, S.A. | Insurance | Angola | 72,24% | 72,24% |
| ÁUREA SDVM, S.A. | Securities Distribution | Angola | 99,61% | 99,61% |
| ACP - Angola Capital Partners LLC | Gestão de Fundos | Estados Unidos da América | 47,50% | 47,50% |
| FIPA I - Fundo Privado de Investimentos de ANGOLA SICAV-SIF* | Fund management | Luxemburgo | 25,64% | 25,64% |
| FIPA II - Fundo Privado de Investimentos de ANGOLA SICAV-SIF | Fund management | Luxemburgo | 37,90% | 37,90% |
| SAESP - Sociedade Angolana Ensino Superior SA | Educational activity | Angola | 20% | 100% |
| FBAI - Fundação BAI | Social activities | Angola | 20% | 100% |
| PayAll Prestação Serviços SA | Service provision | Angola | 79,05% | 91,02% |
| BAI Invest SA | Management of equity holdings | Angola | n.a | 100% |
| BAI SGPS - Sociedade Gestora de Participações Sociais, S.A. | Management of equity holdings | Angola | n.a | 100% |
| Imogestin SA | Real estate sector | Angola | n.a | 50% |
| SODIMO - Sociedade de Desenvolvimento Imobiliário, S.A. | Real estate sector | Angola | n.a | 24% |
| SOPROS - Sociedade Angolana Promoção Shoppings | Shopping centre management and operation | Angola | n.a | 20% |
- * In liquidation
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Strategy
Strategic Plan 2022–2027
BAI’s Strategic Plan for the period 2022–2027 (Strategic Transformation Programme “BAI Generation”) sets out the foundations for the Bank’s long-term development, built on a commitment to sustainable growth, with the objective of achieving robust and sustainable results.
By 2024, BAI’s Strategic Plan had reached the halfway point of its six-year implementation period, with an overall execution rate of approximately 46%.
Sustainability and social responsibility
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Sustainability is currently a strategic component, embedded transversally across the Group’s operations and decision-making.
The responsibility to align economic performance with the needs of communities and environmental challenges is one of the guiding pillars for value creation.
BAI’s contribution is understood as a commitment that goes beyond financial performance, generating tangible benefits for the communities in which it operates.
Sustainability is one of the pillars of the Bank’s Strategic Plan, which includes the definition and development of a strategy aligned with the global targets established by the 2030 Agenda and the United Nations Sustainable Development Goals (SDGs).
In 2024, BAI made consistent progress in integrating sustainability into its operations, notably through the gradual implementation of the Environmental Management System (EMS), with the aim of obtaining ISO 14001:2015 certification by 2025, and the launch of innovative commercial initiatives that promote inclusion and efficiency.
Social responsibility, as an extension of the Bank’s sustainable vision, translates into concrete actions directed towards priority areas, through the structured work of the BAI Foundation.
In this way, the BAI Foundation plays an essential role in deepening impact initiatives, with structured and wide-reaching projects that foster sustainable transformation in key areas, in alignment with the SDGs.
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References
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