Banco Angolano de Investimentos (formerly Banco Africano de Investimentos), short BAI, was founded in 1996 as the first private bank in Angola.
The BAI is a full-service bank operating in Angola with a nationwide network of (mid-2012) 89 branches in all 18 provinces, with 41 of those branches in Luanda Province.
During the last year, BAI bought the Banco BAI Microfinanças (BMF), a small bank in Angola that offers several services including Western Union payment transfers.
BAI also is the shareholder in other companies, like the Banco Sul Atlantico (BSA), IFI in Cape Verde, Brasil Banco Múltiplo in Brazil, Banco Internacional de S. Tomé e Príncipe (BISTP) in São Tomé and Principe and other companies.
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