- Offers retail, SME, corporate banking solutions
- Operates across key Cape Verde islands
Services and market presence of BAI Cabo Verde
BAI Cabo Verde is a commercial bank in Cape Verde. It launched in Praia in November 2008. The majority shareholder is Banco Angolano de Investimentos. Other shareholders include Sonangol and local investors. The bank provides a wide range of services. These include personal banking, SME financing, corporate lending and savings options. It supports mobile and internet banking through a platform called BAIDIRECTO.
BAI Cabo Verde aims to be a trusted financial partner. It serves individuals, companies, and institutions. Its digital services offer access to accounts, transfers and statements. The bank works under the supervision of the national central bank. It also supports financial inclusion through digital platforms and branch outreach. It focuses on modern banking while maintaining local relevance.
Also read: Unitel T+ telecom profile in Cape Verde
Also read: NOSi Cape Verde digital and innovation agency
Infrastructure, governance and community Role
The bank operates branches across multiple islands. These include Praia, Mindelo, São Vicente, Sal-Rei, Espargos and Assomada. In 2024, it opened a new branch in Palmarejo. The bank is part of a regional financial group with operations in Angola and Portugal. It benefits from shared infrastructure, expertise and compliance standards.
In recent years, the bank saw growth in deposits and loans. Its digital banking tools were also improved. These services now allow faster and easier access to financial products. BAI Cabo Verde reported significant profit growth in 2023. The bank also engages in community and environmental programmes. It has supported local reforestation efforts and economic education. It continues to balance financial performance with social responsibility.
