Africa-Press – Angola. The financial rating agency Fitch Ratings changed the rating of Banco Angolano de Investimentos (BAI) to “stable”, making it the main Angolan private financial institution.
According to a press release from BAI, the agency highlights the market share of loans and deposits estimated at around 15 to 20 percent, in addition to the resilience of the bank’s business model, its profitability and satisfactory funding profile. and liquidity, with emphasis on stable customer deposits, “the bulk of its funding base”.
The chairman of the Executive Committee of BAI, Luís Lélis, quoted in the note, considered that the improvement of the assessment to «B-Stable» “proves the solidity and credibility of the bank, both nationally and internationally” and that “despite challenging times that the global economy is going through, BAI has been consolidating its role as one of the main economic agents in Angola”.
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