COUNTRY INDEX
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ANGOLA |
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Best Bank: Banco Angolano de Investimentos |
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Best Investment Bank: Standard Bank Angola |
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It was a strong year for Banco Angolano de Investimentos. The Luanda-based lender posted net income of NKz142 billion ($334 million) in 2021, an increase of 388% over the previous year. However, its financials must be seen in context. All of Angola’s banks had a tough 2020: in the first Covid-hit year, BAI’s net income slipped to NKz29 billion.
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