BAI Cabo Verde

What BAI Cabo Verde does

BAI Cabo Verde (Banco BAI Cabo Verde, S.A.) is a full-service commercial bank founded on November 21, 2008, and headquartered in Praia, Cabo Verde. The bank operates 11 branches across five islands (Santiago, Sal, Fogo, Boa Vista, and São Vicente), supported by 36 ATMs (28.6% YoY growth in 2025) and 2,561 POS terminals (16.1% YoY growth) on the national Vinti4 network. It is 81.63% owned by BAI Angola (Banco Angolano de Investimentos), with Sonangol Cabo Verde (9.20%) and Silvino Manuel da Luz (7.33%) as remaining shareholders. The bank serves three primary segments — retail (Particulares), corporate (Empresas), and the Cape Verdean emigrant/diaspora market — through an integrated product suite spanning deposit accounts (Conta à Ordem, Conta BAI Ordenado, Conta BAI Nha Terra for emigrants), savings instruments (Depósito a Prazo, Poup@ Net, Poupa 1000), consumer and mortgage credit (Crédito Pessoal, Automóvel, Habitação, Salário+), green-energy and electric-mobility financing (Crédito BAI Energia Verde and Crédito BAI Mobilidade Elétrica, both leveraging state subsidy programs), working-capital and trade facilities (Crédito a Negócios, Conta Corrente Caucionada, Adiantamento de Facturas, BAI Trade), and a multi-card issuance portfolio (Vinti4 debit, VISA Classic/Gold/Kriola/Pré-Pago Virtual, KATXUPA national credit, VISA Business Platinum). Digital channels run on the proprietary BAIDIRECTO platform, and the bank also operates BAI Imóveis (real estate development) and BAI Djuntu (institutional magazine). It is regulated by Banco de Cabo Verde, holds FATCA/AML (Wolfsberg) compliance, and participates in the national payment infrastructure (Vinti4/SISP) and the global VISA network.

Revenue is generated primarily through interest income from the lending book (financial margin of 1,310,983 thousand CVE in 2025) and fees/commissions (complementary margin of 347,712 thousand CVE in 2025), with pricing disclosed across TAN 6%–18.5% and TAEG 7.9%–21.39% depending on product. Distribution combines an enterprise field-sales motion through the 11-branch network with dedicated relationship managers and a Prestige channel for high-net-worth clients, a direct-to-consumer digital motion through BAIDIRECTO (internet and mobile banking, contactless cards, virtual prepaid), and an inside-sales motion via website lead capture with 48-hour follow-up. Customer-segment economics favor the deposit-funded lending model (financial margin ~79% of total revenue), with the diaspora segment serviced via BAI Nha Terra and cross-border remittances.

For FY2025, BAI Cabo Verde reported net profit of 532,620 thousand CVE (≈€4.7M, +44.8% YoY), ROE of 13.9% (+2.4 pp), ROA of 1.4% (+0.3 pp), and a cost-to-income ratio of 63.6% (improved 2.9 pp), against total assets of 39,418,134 thousand CVE (≈€345M, +9.0% YoY). The credit portfolio expanded 19.5% (outpacing the system average), the active customer base grew 14.1%, and digital adoption accelerated: BAIDIRECTO users grew 26.4% and active debit cards grew 27.3% in the year.

Name

BAI Cabo Verde

Legal name

Banco BAI Cabo Verde, S.A.

Website

https://bancobai.cv

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

BAI Cabo Verde is a Praia-headquartered commercial bank, 81.6%-owned by Angola's BAI, operating 11 branches across five Cabo Verde islands to serve retail, corporate, and diaspora customers with deposits, credit, cards, and digital banking.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221), Credit Card Issuing (52221)

SIC

Finance Services (6199), Short-Term Business Credit Institutions (6153)

akta.pro industry

PRIMARYFSAMAIAG

Multi-Currency Accounts, Wallets & IBAN Services

Financial & Insurance/Payments & Transaction Processing/Cross-Border Payments & Remittances

SECONDARYCRAFALAB

Merchant Acquiring & Card Processing (PSPs)

Consumer Products & Retail/E-commerce & Marketplaces/Digital Payment Solutions for E-commerce

Keywords

• Retail banking services
• Commercial banking solutions
• Consumer credit products
• Digital banking platforms
• Corporate trade finance

Headquarters

HQ city

Praia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income (Financial Margin): Core banking revenue from lending activities including personal credit, mortgages, automobile financing, business loans, and green energy credits. The financial margin reached 1,310,983 thousand escudos in 2025.
2. Commission and Fee Income: Fees from payment services, account maintenance, card transactions, wire transfers, and other banking services. The complementary margin reached 347,712 thousand escudos in 2025.
3. Foreign Exchange (Câmbio): Currency exchange services for customers, with published exchange rates and differential rates for amounts exceeding 1,000,000 CVE.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

BAI Cabo Verde (Banco BAI Cabo Verde, S.A.) is a commercial bank that provides checking and savings accounts, personal and business credit products, debit and credit cards (including national Vinti4 and international Visa), internet and mobile banking via the BAIDIRECTO platform, salary processing, trade finance, and real estate development services through BAI Imóveis. Customers include individuals, businesses, and the Cape Verdean diaspora.

Product overview

Banco BAI Cabo Verde operates as a full-service commercial bank offering an integrated portfolio of products and services to both retail (particulares) and corporate (empresas) segments. The core offerings include deposit accounts (Conta à Ordem, Conta BAI Ordenado, Conta BAI Nha Terra for emigrants), diverse credit products (automobile loans, home mortgages, personal loans, green energy financing, electric mobility loans, business loans, invoice factoring), savings solutions (term deposits, Poup@ Net digital savings, Poupa 1000), and payment services. The bank issues multiple card products including the national Vinti4 debit network card, VISA international cards (Classic, Gold, Kriola, Pré-Pago Virtual, Business Platinum), and the domestic KATXUPA credit card. Digital banking is delivered through BAIDIRECTO internet banking platform. Additional services include BAI Imóveis real estate development, BAI Trade international trade finance, salary processing via PS2, direct debits, and fiscal advisory through Agenda Fiscal. The bank operates 11 branches across major islands and maintains 36 ATMs plus 2,561 POS terminals.

Differentiator

Problem solved

Functional benefit

Brands

• BAIDIRECTO: Digital banking platform offering internet banking, mobile banking, and electronic payments services
• BAI Imóveis
• Vinti4
• BAI Djuntu

Products and services

• Conta à Ordem Basic checking account that allows retail customers to make deposits, withdrawals, and transfers and serves as the entry point to other banking services.
• Conta BAI Ordenado Salary account offering dedicated features and benefits for employees whose salaries are deposited by their employers through the bank.
• Conta BAI Nha Terra Dedicated emigrant account designed for Cape Verdean nationals abroad, supporting international transfers and easy access when returning home.
• Crédito Automóvel Vehicle financing for new and semi-new cars for retail customers, with terms up to 96 months and financing up to 90% of vehicle value.
• Crédito Habitação Home mortgage financing enabling individual customers to purchase residential property through the bank's lending book.
• Crédito Pessoal Unsecured personal loan for individual customers with flexible amounts and repayment terms.
• Crédito BAI Energia Verde Special consumer credit product financing renewable energy equipment for households, subsidized at 50% by the state, with TAN 6% over 72 months.
• Crédito BAI Mobilidade Elétrica Financing for electric vehicles and charging stations under the government ProMEC program at TAN 6.5% with terms up to 60 months.
• Depósito a Prazo BAICV "Nós Nação" Fixed-term deposit product with competitive interest rates, marketed as part of a national savings campaign.
• Poup@ Net Digital savings product accessed through BAIDIRECTO with a minimum of 50,000 CVE, offering various terms and competitive rates.
• Poupa 1000 Retail savings product with accessible minimum amounts designed to encourage regular saving habits.
• Vinti4 debit card National debit card issued on the Vinti4 network enabling ATM withdrawals, POS payments, and transfers across Cabo Verde.
• VISA Classic credit card International Visa Classic credit card accepted worldwide with contactless capability, TAN 18.5% and TAEG 20.82%.
• VISA Gold credit card Premium international Visa Gold credit card with enhanced benefits worldwide, TAN 18.5% and TAEG 21.39%.
• Visa Kriola prepaid card Reloadable Visa prepaid card valid for 4 years, accepted globally, with reload range from 1,000 to 1,000,000 CVE.
• Visa Pré-Pago Virtual Virtual Visa prepaid card for online transactions, reloadable up to 250,000 CVE, valid 1 year, instant-issued at ATMs.
• KATXUPA national credit card First national credit card on the Vinti4 network for domestic use, with credit limits of 25,000 to 500,000 ECV and up to 60 days interest-free.
• VISA Business Platinum credit card Business Visa Platinum credit card with limits up to 2,000,000 CVE, TAN 18.5%, TAEG 21.39%, up to 60 days interest-free and automatic renewal.
• Vinti4 Empresa debit card Business debit card linked to a corporate account, accepted at ATMs and POS terminals nationwide.
• Débito Directo Direct debit service enabling customers to automate recurring payments and bill settlements.
• BAI Imóveis Real estate service offering property development projects including commercial space (Copacabana), loteamentos (Pedra Branca, Pedra de Lume), and Vila Verde Resort.
• BAI Trade International trade finance service for corporate importers and exporters, covering document handling, payment security, and FX operations.
• Processamento de Salário Via PS2 Automated corporate payroll processing service via secure PS2 file-based bulk payment transmission to employee accounts.
• Crédito a Negócios e Empresas Business lending facility for companies with fixed TAN 10.75% or variable liquidity-linked rate, and terms up to 8 years.
• Conta Corrente Caucionada Secured corporate overdraft facility, renewable annually, providing treasury flexibility with TAN 10.8% and TAEG 14.11%.
• Adiantamento de Facturas Invoice discounting and factoring facility providing trade-receivable liquidity with recourse and non-recourse options, terms up to 180 days.
• Agenda Fiscal Fiscal calendar and tax deadline tracking service for corporate clients to ensure compliance with tax obligations.
• BAIDIRECTO internet and mobile banking Digital banking platform providing customers 24/7 access to account balances, transfers, statements, foreign exchange rates, and bill payments.

Quantifiable outcome

• Net profit growth of 44.8% year-over-year in 2025, reaching 532.6 million escudos
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• VISAcoreTechnology or IntegrationGlobal payment technology partnership enabling issuance of VISA-branded credit and debit cards including Classic, Gold, Business Platinum, and prepaid cards. Cards are accepted worldwide on the VISA network.
• SISP (Sistema Interbancário de Pagamentos de Cabo Verde)coreTechnology or IntegrationNational payment infrastructure operator managing the Vinti4 network of ATMs and POS terminals. BAI Cabo Verde participates in this shared infrastructure for electronic payments across the country.
• NOSSA SegurosminorOthersInsurance company subsidiary within the BAI Group in Angola, part of the diversified financial services ecosystem.
• ÁUREAminorOthersFinancial services company within the BAI Group ecosystem in Angola.
• SAESP (Sociedade Angolana de Ensino Superior Privado)minorOthersPrivate higher education company in Angola, part of the BAI Group's participation in complementary sectors to financial services.

Scale indicators16 records

Recent moves13 records

Expansion highlights7 records

Regional players

• Banco de Fomento Angola (BFA): BFA is one of the largest commercial banks in Angola, serving retail, corporate, and SME customers with deposits, loans, and payment services. It is a comparable Portuguese-speaking African commercial bank that provides regional benchmark data on margins, ROE, and digital adoption.
• BCI (Banco Comercial e de Investimentos): BCI is the largest private commercial bank in Mozambique, offering a similar product suite (retail deposits, corporate credit, cards, digital banking) and serving a Portuguese-speaking emerging market. It is a useful regional benchmark for branch productivity, NIM, and digital growth in comparable economies.

Broad incumbents

• Standard Bank: Standard Bank is a pan-African banking group with significant presence across multiple African markets, including West Africa. While not operating in Cape Verde, it represents the broader-incumbent benchmark for retail, corporate, and digital-banking services in the region and competes indirectly for cross-border African corporate and diaspora flows.
• Ecobank: Ecobank is a pan-African banking group with presence across West Africa, offering retail, commercial, and cross-border payment services to individuals and corporates. It is a broad-incumbent comparable for the cross-border and trade-finance elements of BAI Cabo Verde's business, particularly diaspora and trade corridors.
• BAI Angola (Banco Angolano de Investimentos): BAI Angola is the 81.63% parent of BAI Cabo Verde and the largest private bank in Angola. As the regional anchor of the BAI Group, it is the most directly comparable regional peer and also the source of brand, capital, and cross-border synergies for the Cabo Verde subsidiary.

Direct peers

• Banco Comercial do Atlântico (BCA): BCA is one of the largest and longest-established commercial banks in Cape Verde, offering the same core retail, corporate, and diaspora banking products as BAI Cabo Verde across multiple islands. It is the closest head-to-head competitor in deposit-taking, lending, and card services.
• Caixa Económica de Cabo Verde (CACV): CACV is a major Cape Verdean savings-and-credit institution offering retail deposits, mortgage, and personal loan products to individuals and SMEs in the same geographies as BAI Cabo Verde. It competes directly for the same individual and emigrant customer base.
• Banco Interatlântico: Banco Interatlântico is a Cape Verdean commercial bank serving retail and corporate customers with deposits, loans, and card products, often in the same branch locations as BAI Cabo Verde. It is a direct in-market competitor for both individuals and SMEs.
• Banco Cabo-Verdiano de Negócios (BCN): BCN is a Cape Verdean bank focused on business and SME banking, competing directly with BAI Cabo Verde's Empresas segment, including current accounts, business credit, and trade services. It is a relevant in-market peer for the corporate banking side of the franchise.
• Novo Banco Cabo Verde: Novo Banco Cabo Verde is the local subsidiary of Portuguese Novo Banco, providing retail and corporate banking services in Cape Verde with the backing of a European parent. It competes with BAI Cabo Verde for premium retail, corporate, and international-trade customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

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Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BAI Cabo Verde