There are several options for banking in Guinea-Bissau for individuals and companies. This sector has recently recorded remarkable growth and there are many international and domestic banks in the country. In this article, we are going to discuss the top 10 banks of Guinea-Bissau and the services they offer to the clients.
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1. Banco da África Ocidental (BAO)
Banco da África Ocidental (BAO) is one of the biggest banks in Guinea-Bissau. Established in 1993, BAO has been one of the leading banks in the development of banking in the country. It provides personal and business banking, lending and investment services. BAO has a good branch network in Guinea-Bissau and has its branches in most of the cities and towns of the country. The bank has also embraced the use of technology to provide its customers with the ability to manage their accounts and make transactions from the comfort of their homes or offices through the online and mobile banking platforms. The main advantage of banking with BAO is that the bank seeks to reach out to the unreachable and offer them banking products and services.
2. Ecobank Guinea-Bissau
Ecobank Guinea-Bissau is an Ecobank Transnational Incorporated affiliate, a major pan-African banking group. The bank has been in operation since 1997 and has grown to become one of the biggest banks in the country offering personal and business banking, trade finance and treasury services. Ecobank has a good focus on the digital bank and provides its clients with simple, fast and secure ways of handling their money.
3. Banco da União
Banco da União is a state owned bank that was established in 1991. It plays a very important role in the development of the economy of the country through the provision of savings and checking accounts, loans and foreign exchange. The bank has a focus on SMEs, which offers products and services that are relevant to the needs of the SMEs segment. Also, Banco da União has the goal of financial education and literacy through educational sessions and training for individuals and businesses.
4. Banco da África (BDA)
Banco da África (BDA) was founded in 1996 and is now one of the biggest commercial banks in Guinea-Bissau. It provides the following services: personal and business banking, lending and investment products. As a result of the bank's innovation and technology, the customers are in a position to get their accounts cleared through the modern banking system.
5. Banco da União de Investimento (BUI)
Banco da União de Investimento (BUI) was established in 2009 and has since offered quality services. It aims at customer delight and therefore designs its processes to deliver fast banking. BUI also has a focus on digital banking with easy to use online and mobile banking platforms.
6. Banco da África de Investimento (BAI)
Banco da África de Investimento (BAI) was founded in 2007 and has a number of advantages including a customer centered approach and a large number of banking products and services. The bank’s focus on innovation and technology enables the customer to easily transact with their accounts through the online and mobile banking platforms.
7. Banco da África de Desenvolvimento (BAD)
Banco da África de Desenvolvimento (BAD) was founded in 2008 to support the economic development of Guinea-Bissau. The bank has a strategy of financial inclusion and also promotes social and environmental projects to improve the quality of life of its members.
