Ver Angola

Banking and Insurance

BAI elected as the 'Best Bank' and the 'Safest Bank' in Angola in 2022

Banco Angolano de Investimentos (BAI) was elected by Global Finance magazine as the 'Best Bank in Angola 2022' and the 'Most Safe Bank in Angola 2022'.

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The awarding of the prizes was announced this Thursday by the bank itself, in a statement to which VerAngola had access.

"BAI - Banco Angolano de Investimentos S.A. (Sociedade Aberta) received the award for 'Best Bank in Angola 2022' and 'Best Bank in Angola 2022' awarded by the prestigious North American magazine Global Finance", the document reads.

The award for 'Best Bank in Angola 2022' chooses the financial organizations that "have stood out the most around the world, based on objective criteria such as profitability, asset growth, geographic dimension, strategic relationships, new business development and product innovation, and subjective criteria, through the opinions of financial analysts, credit analysts, banking consultants and other professionals in the sector", clarifies the note.

The title of 'Safest Bank in Angola 2022', which is included in the 31st annual edition of the ranking of the safest banks in the world, is the result of "BAI's performance in the evaluation of long-term ratings in foreign currency".

According to the magazine Global Finance, cited in the statement, the BAI distinction was based on "the assessments of the rating agencies Moody's, Standard & Poor's and Fitch, this being the 5th consecutive distinction".

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