Its headquarter is located on Avenida Amílcar Cabral, in the national capital of Praia on the island of Santiago.

[2] Its current governor is João António Pinto Coelho Serra, who is in office since December 2014.

The government created the bank by nationalizing the operations of the Portuguese colonial and overseas bank, Banco Nacional Ultramarino, which had established its first branch in Cape Verde in 1865.

In 1993, the government split off the commercial banking functions into the newly established Banco Comercial do Atlântico.

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