Country Awards for Excellence 2014: Africa
Rapid improvements in financial regulatory structures, increased levels of international investment and oil and gas production in Angola have sparked a rapid expansion of the country’s banking sector.
Meanwhile, banks remain under pressure. Profits have become strained and increases in non-performing loans are common, partly due to a weakening real estate market.
Banco Angolano de Investimentos (BAI), however, has weathered the storm well and deserves the accolade of best bank in Angola for the third year in a row.