The Banco Angolano de Investimentos (BAI) seems to be experiencing its best moment, as if it were a Formula 1 champion—at least for now. The team led by manager and banker Luís Rodrigues Lélis has widened its lead in profitability, posting an advantage of AOA 66.2 billion (US$ 73.9 million) compared to the combined profit of BFA, BIC, and Millennium. In comparison with smaller banks, BAI reported profitability almost three times higher than that of the nine non-systemic banks combined.
Banco Angolano de Investimentos (BAI) has consolidated its position as the most valuable bank in Angola, surpassing in profitability the combined earnings of three of its biggest competitors in assets—Banco de Fomento Angola (BFA), Banco Internacional de Crédito (BIC), and Banco Millennium Atlântico (BMA)—which together recorded a profit of AOA 134.77 billion (US$ 147.77 million) in the second quarter, representing 67.06% of BAI’s EBIT.
Even when adding the profits of Banco de Poupança e Crédito (BPC) and Banco Keve, which total AOA 188.1 billion (US$ 206.3 million), BAI still maintains a superior margin of 6.39% over the combined profit of the five institutions.
This valuation was driven by a Pre-Tax Profit (RAI) of AOA 200.99 billion (US$ 220.4 million) in the first half of 2025, more than triple the result achieved in the same period last year.
In a show of strength that has repositioned the institution led by Luís Filipe Rodrigues Lélis as the leading force in the national banking sector since the beginning of the year, it is also worth noting the 11.24% increase in total assets. The bank’s wealth is now valued at AOA 4.92 trillion (US$ 5.4 billion), up from AOA 4.4 trillion (US$ 5.2 billion) recorded in the second quarter of last year.
Meanwhile, its main rival in both assets and profitability, BFA, led by Luís Gonçalves, reported a Pre-Tax Profit of AOA 115.5 billion (US$ 126.6 million), equivalent to 57.46% of BAI’s result.
Banco BIC, led by Hugo Teles, and Millennium Atlântico, led by Isabel Espírito Santo, accounted for 5.44% and 4.16%, respectively—AOA 10.9 billion (US$ 11.9 million) and AOA 8.35 billion (US$ 9.16 million).
Expanding the analysis to the smaller banks, currently comprising nine institutions, BAI’s result is, according to calculations, 60.973% higher than the combined earnings of Banco Caixa Geral Angola (BCGA), Banco de Crédito do Sul (BCS), BIR, Banco Yetu, Banco Comercial do Huambo (BCH), Banco Valor, Access Bank Angola, Bank of China, and Banco Comercial Angolano (BCA).
