Africa-Press – Angola. The financial rating agency Fitch yesterday elevated Banco Angolano de Investimentos SA (BAI) to the category of “Stable Bank” and granted it the status of “Principal Private Bank of Angola”, with a market share of loans and deposits estimated between 15 and 20 percent.
Fitch Agency’s assessment had as its most expressive criteria the resilience of the business model, profitability and the fact that BAI benefits from a satisfactory funding and liquidity profile, in addition to the funding base being made up of deposits from stable customers.
The chairman of the Executive Committee of BAI, Luís Lélis, stressed, in a note sent to Jornal de Angola, that the improvement of the bank’s “ranking” in “Stable” proves the solidity and credibility of the institution, both nationally and internationally, not despite the unfavorable environment of the world economy.
“Despite the challenging times that the global economy is going through, BAI has emerged as one of Angola’s main economic agents.
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