Cabo Verde is a country consisting of an archipelago of ten islands in the Atlantic Ocean near West Africa. This pretty country has great potential in tourism, especially in beach tourism, cultural tourism, and a new emerging economy. In this article, the author will discuss the top 10 banks of Cabo Verde, which are the major banks in the country and which are most likely to influence the financial sector of the country.
### 1. Banco Cabo-verdiano de Negócios (BCN)
The bank is one of the biggest banks in the country and provides all the services that a customer would need in person as well as for his or her business. As for customer satisfaction, BCN provides product and service alternatives that are suitable for the customer’s needs. Due to the fact that they have fast and efficient operations, they have build a good reputation in the society and are considered as trustworthy financial institution by many people.
### 2. Banco Comercial do Atlântico (BCA)
The other major bank in Cabo Verde is BCA, which has the biggest branch network and ATM network throughout the country. The bank also offers a number of products and services including personal and business banking, loans and investment products. BCA has its strength in customer relations and its goal is to enhance financial accessibility.
In recent years, BCA has been involved in the implementation of a number of large-scale projects aimed at the development of the economy and improvement of the living standard of the population of Cabo Verde. These projects include the construction of new housing, the reconstruction of existing homes, and the creation of new employment opportunities. In addition, BCA has been active in promoting entrepreneurship and small business development, providing support to entrepreneurs and helping them to start and grow their businesses.
### 3. Caixa Económica de Cabo Verde (CECV)
As a state-owned bank, CECV is an important bank in the economic development and financial stability of Cabo Verde. It provides its client with services such as saving, borrowing, and insurance. CECV is a socially responsible bank and its main goal is to support local business and entrepreneurs in their financial development.
### 4. Banco Interatlântico (BI)
BI is a large commercial bank in Cabo Verde and provides services to individuals, companies and other institutions. They are also known for their electronic banking solutions and their efforts in supporting the economic development of the community.
### 5. Banco Internacional de Cabo Verde (BICV)
BICV is a bank that has a lot of potential and has a lot of products and services that it offers to its clients. They always try to provide unique and special solutions for every client’s needs. BICV has received acclaim for its performance and for its efforts in the promotion of financial literacy among the community.
### 6. Banco Privado Internacional (BPI)
BPI focuses on wealthy clients and companies and provides them with tailored wealth management and private banking solutions. The bank’s professionalism in the management of financial assets and wealth makes it a reference bank in the private banking sector.
Its role in the management of the country’s finances and the promotion of its financial sector is mainly through regulation and supervision. Thus, although it does not provide retail banking services, its role in the supervision of other banks is crucial. BCV also performs the function of controlling and developing the money and financial systems of the country, including the management of the country’s foreign exchange assets and the implementation of the necessary monetary policy measures.
### 7. Banco de Cabo Verde (BCV)
As the central bank of Cabo Verde, BCV is in charge of the monetary and financial policies in the country. It is not a retail bank but it is a very important institution in the banking sector. BCV also involves itself with the management of the country’s foreign exchange funds and sets important monetary policies.
### 8. Banco Africano de Investimentos (BAI)
BAI is another big bank in the Cabo Verde banking system that provides banking and related services to individuals, companies and public entities. They have always been keen on developing new products and services as well as providing quality services to their customers and their social responsibility is also very impressive.
Therefore, BAI CV is a commercial bank that offers all the services that a bank is supposed to offer. It has a good operation, good technology and a high level of customer relations. Being a branch of BAI, it gets to benefit from the good reputation of the parent company.
