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AngolaBest bank: Banco Angolano de Investimentos |
Angola’s economy continues to suffer from low oil prices, a poorly functioning system of government and the influence of the state on the private sector.
One bank that nonetheless did well despite this difficult context was Banco Angolano de Investimentos – last year’s winner, which this year retains the title of best bank in the country. BAI increased its total assets by a quarter, to NKz1.36 trillion ($8.2 billion), deposits by 21% and net interest income by 64%. Its return on average equity, meanwhile, stood at an impressive 34.2%.