African Awards for Excellence 2012: By country
|African winners by country
Best Bank: Banco Angolano de Investimentos
Sound financials and good growth figures earn Banco Angolano de Investimentos (BAI) the top spot in Angola this year.
BAI has the biggest net assets in Angola and reached the highest level of assets in the history of Angolan commercial banks last year. In 2011 BAI increased its assets by 42% on 2010, reaching $11.9 million in the fourth quarter of 2011. Customer deposits were up by 44% from $7.3 million in 2010 to $10.5 million in 2011.
In addition, BAI delivered an improvement in the quality of its assets, as the non-performing loan ratio of the bank decreased from 10.8% in 2010 to 4.9% in 2011. BAI increased its distribution network from 86 branches in 2010 to 105 in 2011.
Over the past year, it introduced mobile banking and other products, including Kamba Card, a prepaid debit card issued by Visa and BAI, enabling customers to make payments and withdrawals both domestically and abroad.