Best bank: iib West Africa
iib West Africa is the best bank in Cape Verde, but its reach extends beyond the country’s borders and into larger Lusophone African markets such as Angola and Mozambique.
Cape Verde is positioned as a gateway to the wider region, with iib West Africa using the market’s stable political environment, hard currency peg and strong rule of law to build a wider regional banking footprint. In 2025, the bank pursued sustainable growth, technological innovation and customer service excellence.
For individuals, iib West Africa launched the Depósito Cinquentão in 2025, a product offering 5% annual interest and mobilising €8 million in deposits in just 30 days.
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