Africa-Press – Angola. Banco Angolano de Investimento (BAI) achieved, in 2023, a net profit of 200 billion kwanzas, 99 percent more compared to the 100 billion kwanzas recorded in the previous year.
In the same period, this institution reached a financial margin of 201 billion kwanzas, 6% more compared to the 188 billion kwanzas generated in the previous year (2022).
When presenting the balance sheet for the year ended, the president of the Executive Council (PCE) of BAI, Luís Lélis, highlighted that the growth in financial margin was driven by the increase in interest on securities and credits to customers.
The person in charge specified to journalists that the bank’s additional margin was 191 billion kwanzas, which represents an increase of 155% compared to the 75 billion kwanzas in 2022.
At a press conference, Luís Lélis explained that the growth recorded reflects the increase in results from the trading of financial instruments, as well as the results from the provision of financial services.
He reported that BAI’s banking product totaled 392 billion kwanzas, equivalent to a year-on-year growth of 49 percent, compared to 264 billion kwanzas at the end of 2022, driven by the performance of the complementary margin.
According to PCE, the relevant results in 2023 are the result of the commitment and dedication of employees and the trust of customers.
“For the 2024 financial year, BAI remains committed to continuing to innovate, adapt to market changes and realize sustainable growth opportunities”, attested the president of the Executive Board.
In his intervention, following the Ordinary General Meeting, held on Wednesday (27th), the banking executive said that the institution remains focused on improving customer experience and satisfaction and optimizing internal processes.
“Our bank is also concerned with sustainable development and the creation of BAI’s sustainability program, in order to respond to environmental, social and governance challenges”, he highlighted.
Finally, Luís Lelis conveyed that his institution has assumed increasing importance in the national financial system and that, for 2024, it remains committed to continuing to invest in advanced digital solutions, technological innovation and financial literacy.
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