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Banking and Insurance

Global Finance elects BAI as the best investment bank in Angola

Banco Angolano de Investimentos (BAI) was elected by Global Finance magazine as the 'Best Investment Bank in Angola in 2022'. The institution's PCE, Luís Lélis, admitted that the distinction “results from the bank's focus on the sustainability of the business, with a view to safeguarding its mission and vision”.

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In a statement, BAI states that the award, "which covered financial institutions from various regions of the world", took place this month in New York, in the United States of America, as part of the 23rd annual edition of the ranking of the best investment banks of the world.

"The results were supported by the analyzes of the editors of Global Finance and the contribution of experts in the sector, and, to score and select the winners, a proprietary algorithm was used and the deals announced or concluded in 2021 were also considered", it can be read in BAI's note.

According to the statement, among the analyzed criteria, market share, the number and size of businesses, the distribution network and efforts to cope with market conditions stand out.

The distinction "results from the bank's focus on the sustainability of the business, with a view to safeguarding its mission and vision", admitted Luís Lélis, quoted in the note.

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