Banco Angolano de Investimentos is among the 1,000 largest banks in the world and is 20th on the list of the 25 largest banks in Africa, according to the ranking published by the prestigious magazine The Banker.
BAI's position in the ranking, the British publication points out, is due to its high liquidity profile, with its cash and cash equivalents accounting for 33 per cent of total assets, and high solvency, with its regulatory solvency ratio reaching 19 per cent, above the minimum of 10 per cent required by the National Bank of Angola (BNA).
Published on 2 July 2018, the list highlights the increase in bank profits in the sub-Saharan African region compared to the previous year, driven by the global recovery of the region's economy, with Angolan banks contributing to profit growth of around 22%.
Also boosting the sector's recovery are countries such as Ghana, which saw pre-tax profits rise by 26 per cent; Tunisia with 18 per cent growth and Mauritius, which saw market profits jump to 16 per cent.
Last year BAI made a net profit of 55 billion Kwanzas, an increase of 11 per cent on the previous year, reflecting its continued leadership in terms of deposits.
The publication that evaluates the development and growth of world banking measures indicators such as assets, solvency and liquidity ratios, and pre-tax profits as criteria for ranking the world's best banks.
Source: The Banker
