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AWARDSAWARDS FOR EXCELLENCE

Country Awards for Excellence 2021: Africa



Angola

ANGOLA

Best Bank: Banco Angolano de Investimentos


It was a good year for Angola’s best bank. Banco Angolano de Investimentos (BAI) posted a 27% rise in net interest income in 2020 to NKz132 billion ($204 million), with net profit coming in at NKz29 billion, aided by a conservative approach to risk management. Strength and stability matter in tough times and the fact that deposits rose 18% to NKz2.7 trillion underlines BAI’s reputation for standing tall in a crisis.

This performance must be put in context.