Bank of Fomento Angola

Banco de Fomento Angola (BFA) is an Angolan private bank and the second-largest bank in the country. It was founded in 1990 as Banco de Fomento Exterior (BFE) in Luanda. In August 1996, it was fully acquired by the Portuguese Banco Português de Investimento (BPI) and renamed Banco de Fomento Angola (BFA). As of the end of 2010, BPI held a 50.1% majority stake, while the Angolan mobile operator UNITEL held 49.9%. The bank's new headquarters opened in July 2003 in Luanda, located on Avenida Amílcar Cabral in Maianga. BFA has continuously expanded its branch network and today operates 193 branches across the country, including 86 in the capital Luanda, five in Cabinda, two in Uíge, three in Benguela, seven in Lobito, three in Huambo, and eight in Lubango. The bank serves over 750,000 customers and had a balance sheet total of US$6.34 billion as of 2010. BFA was named Best Angolan Bank in 2009 by the British magazine EMEA Finance. Also in 2009, it received the Straight Through Processing Excellence Award from Deutsche Bank Trust Company for the eighth consecutive year, recognizing that 99.1% of payment orders are processed automatically. BFA also holds the title Superbrands Angola. The bank offers a wide range of products and services including accounts, savings, credit, cards, insurance, and digital banking through BFA NET and BFA APP.

Banco de Fomento Angola (BFA) was established in 1990 as Banco de Fomento Exterior (BFE) in Luanda, Angola. In August 1996, the Portuguese bank Banco Português de Investimento (BPI) acquired 100% of the institution and renamed it Banco de Fomento Angola (BFA). The bank's new headquarters opened in July 2003 in Luanda, located on Avenida Amílcar Cabral in Maianga. Over the years, BFA expanded its branch network significantly. By the end of 2010, it operated 193 branches nationwide, with 86 in Luanda, five in Cabinda, two in Uíge, three in Benguela, seven in Lobito, three in Huambo, and eight in Lubango. As of 2010, BPI held a 50.1% stake and UNITEL held 49.9%. The bank served over 750,000 customers and had a balance sheet total of US$6.34 billion. In 2009, BFA was recognized as the best Angolan bank by EMEA Finance and received the Straight Through Processing Excellence Award from Deutsche Bank Trust Company for the eighth consecutive year. It also holds the Superbrands Angola title.

• 2009

  Named Best Angolan Bank by EMEA Finance; received Straight Through Processing Excellence Award for the eighth consecutive year.

• 2003

  New headquarters opened in Luanda on Avenida Amílcar Cabral in Maianga.

• 1996

  Acquired 100% by Banco Português de Investimento (BPI) and renamed Banco de Fomento Angola (BFA).

• 1990

  Founded as Banco de Fomento Exterior (BFE) in Luanda, Angola.

Second-largest private bank in Angola, offering comprehensive financial services to individuals and businesses.

• Conta à Ordem

  Current account

• Conta Poupança

  Savings account

• BFA NET

  Online banking platform

• BFA APP

  Mobile banking app

• Cartão de Crédito Lombongo

  Credit card

• Cartão de Crédito Mwangolé

  Credit card

1. 1BFA Official Websitebfa.ao
2. 2Wikidata: Bank of Fomento Angolawikidata.org
3. 3Wikipedia (German): Banco de Fomento Angolade.wikipedia.org