The story
BAI was founded on 14 November 1996, headquartered in Luanda, with the clear purpose of becoming the first private national bank, focused on the investment market.
The Bank’s corporate purpose is the exercise of banking activities, in accordance with and within the limits defined by the National Bank of Angola (BNA), focusing on raising third-party funds in the form of deposits, certificates of deposit and cash bonds, which it allocates, together with its own resources, to the granting of loans, deposits with the BNA, investments in financial institutions, the acquisition of securities, or other assets for which it is duly authorised.
The Bank also provides other banking services and carries out various types of foreign currency operations.
On 4 May 2008, BAI changed its legal form from a private limited liability company (S.A.R.L.) to a public limited company (S.A.).
On 11 January 2011, the Bank changed its name from Banco Africano de Investimentos, S.A. to Banco Angolano de Investimentos, S.A.
The year 2022 was a milestone in BAI’s history, marked by the amendment of the Company’s Articles of Association, transforming it into a Public Limited Company (PLC), following the completion of the Public Offering for Sale of 1,945,000 shares representing 10% of the Bank’s share capital.
With this, BAI became the first Angolan company whose shares were admitted to trading on the stock exchange.
Key historical milestones
Read the full text
1996
Foundation of BAI
Initially named Banco Africano de Investimentos.
1998
BAI Europa
International expansion with the opening of the Lisbon branch (which would later become BAI Europa in 2022).
2003
BISTP
Acquisition of a shareholding in Banco Internacional de São Tomé e Príncipe (BISTP).
2004
Virtual Branch
Creation of the virtual branch, enabling transactions via the internet or SMS.
2007
BAI Directo
Launch of the internet banking platform for fully online banking operations.
2008
BAI Cabo Verde
Incorporation of BAI Cabo Verde in the City of Praia.
2012
NOSSA Seguros / SAESP
Acquisition of a controlling stake in NOSSA Seguros.
Inauguration of BAI Academy (SAESP).
2021
1.5 million Clients
Milestone reached.
2022
BAI Initial Public Offering [3]
2023
PAY4All
Incorporation of the entity.
2024
BAI Directo
Launch of the Business App.
2.5 million Clients – Milestone reached.
“Made in Angola” Seal – Pioneer in joining the seal.
From Wikipedia’s article on Banco Angolano de Investimentos, shared under CC BY-SA 4.0.5