From the opening to the present
BI's actions have been aimed at being the bank of choice and reference for its customers, offering a range of dynamic and flexible products and services and a clear commitment to the Cape Verdean business segment.
In February 1998, CGD opened a branch in Cape Verde, with the aim of harnessing the potential of a developing economy and contributing to the dynamism of the local financial system
The branch complements CGD's presence in the territory, which already existed in the form of a Representative Office of the former Banco Nacional Ultramarino.
In 1999, the branch was transformed into a Cape Verdean bank, under the name Banco Interatlântico, S.A., with CGD holding 70% of its share capital. The remaining shareholding is shared by a group of local entrepreneurs and companies.
Made up of a young and dynamic team, committed to the Bank's development, BI's entire performance has been aimed at being the bank of choice and reference for its customers, offering a range of dynamic and flexible and a clear commitment to the Cape Verdean business segment.
BI, within the scope of its policy of selective expansion, with the opening of branches in areas with greater potential for economic development and business growth, has a total of 9 branches and 2 offices, 5 of which are concentrated in Santiago Island, one in S. Vicente , two on Sal and one on Boa Vista Island.
Committed to providing high levels of service and a global offer of products and services, Banco Interatlântico, SA has stood out especially in terms of payment systems, with significant performance in the expansion of the banking automation network (ATM and POS) in the country.
BI has also invested in issuing cards (debit and credit), having been a pioneer in the national market, with the launch of a vinti4 network debit card, aimed exclusively at the female segment.
In mid-2008, through the Stock Exchange (BVC), Banco Interatlântico, S.A. carried out an issue of subordinated bonds in the amount of 500,000 Cape Verdean contos, which was the first issue by public subscription of subordinated bonds carried out in Cape Verde.
On 20 April 2010, Banco Interatlântico, SA increased its capital from CVE 600,000,000 to CVE 1,000,000,000, with CGD maintaining its 70% stake. With this capital increase, BI reinforced its own funds, in the context of the new requirements resulting from the IAS in Cape Verde.
In order to improve its ability to finance the economy, Banco Interatlântico, SA signed Protocols with AFD - French Development Agency and with SOFID - Society for the Financing of Development, which allowed for leveraging the financing capacity of Municipalities and Small and Medium Enterprises, respectively.
It should be noted that these protocols also include a commitment to promoting the principles of good corporate governance and encouraging the application of high standards of social and environmental sustainability, constituting a relevant factor in the analysis of projects to be financed, their consequences in terms of impact on development (job creation, knowledge transfer, professional training, wealth transfer to populations, environmental impact, etc).
Banco Interatlântico, S.A., in the field of social responsibility, is highly recognized for its actions, namely in its involvement as a sponsor in events and projects aimed at collecting contributions, for a constant improvement of social causes, in their various aspects, such as education, culture, health and sport.
2015 was marked by the launch of the first Sustainability Report of a Bank in Cape Verde, presented in May, which reflects the social responsibility and sustainability of the business model and corporate positioning of Banco Interatlântico, SA.
In 2018, the Bank completed the payment of the subordinated debt loan of PTE 500 million.
The year 2019 was the culmination of the improvements recorded so far and which allowed the Bank to achieve a net result of c. of 477 thousand contos, considered the best in the history of Banco Interatlântico, S.A. This year, the Bank celebrated its 20th anniversary.
The year 2020 was marked by the year of the Pandemic and which forced us all to adapt to the new reality. To overcome all difficulties, the Bank relied on the professionalism and commitment of its employees, which allowed us to respond to our customers' requests as best as possible in extreme circumstances, with no service disruptions ever occurring.
Despite everything, Banco Interatlântico ended 2020 with a very positive evolution of its main activity indicators, consolidating and reinforcing itself as a reference bank of the Caixa Geral de Depósitos Group in Cape Verde.
In the second half of 2021, the Bank began its move to new premises, following corporate decisions and its General Meeting, and it is expected that by the end of 2022 all central services will be operating in the new premises.
In recent years, Banco Interatlântico, SA has been distinguished with the following awards:
- the Best Bank in Corporate Governance 2020 – Cape Verde
- the Best Retail Bank 2020 – Cape Verde
Two awards given by the World Economic Magazine:
- the Best Corporate Bank 2021 – Cape Verde
- the Best Retail Bank 2021 – Cape Verde
The branch complements CGD's presence in the territory, which already existed in the form of a Representative Office of the former Banco Nacional Ultramarino.
In 1999, the branch was transformed into a Cape Verdean bank, under the name Banco Interatlântico, S.A., with CGD holding 70% of its share capital. The remaining shareholding is shared by a group of local entrepreneurs and companies.
Made up of a young and dynamic team, committed to the Bank's development, BI's entire performance has been aimed at being the bank of choice and reference for its customers, offering a range of dynamic and flexible and a clear commitment to the Cape Verdean business segment.
BI, within the scope of its policy of selective expansion, with the opening of branches in areas with greater potential for economic development and business growth, has a total of 9 branches and 2 offices, 5 of which are concentrated in Santiago Island, one in S. Vicente , two on Sal and one on Boa Vista Island.
Committed to providing high levels of service and a global offer of products and services, Banco Interatlântico, SA has stood out especially in terms of payment systems, with significant performance in the expansion of the banking automation network (ATM and POS) in the country.
BI has also invested in issuing cards (debit and credit), having been a pioneer in the national market, with the launch of a vinti4 network debit card, aimed exclusively at the female segment.
In mid-2008, through the Stock Exchange (BVC), Banco Interatlântico, S.A. carried out an issue of subordinated bonds in the amount of 500,000 Cape Verdean contos, which was the first issue by public subscription of subordinated bonds carried out in Cape Verde.
On 20 April 2010, Banco Interatlântico, SA increased its capital from CVE 600,000,000 to CVE 1,000,000,000, with CGD maintaining its 70% stake. With this capital increase, BI reinforced its own funds, in the context of the new requirements resulting from the IAS in Cape Verde.
In order to improve its ability to finance the economy, Banco Interatlântico, SA signed Protocols with AFD - French Development Agency and with SOFID - Society for the Financing of Development, which allowed for leveraging the financing capacity of Municipalities and Small and Medium Enterprises, respectively.
It should be noted that these protocols also include a commitment to promoting the principles of good corporate governance and encouraging the application of high standards of social and environmental sustainability, constituting a relevant factor in the analysis of projects to be financed, their consequences in terms of impact on development (job creation, knowledge transfer, professional training, wealth transfer to populations, environmental impact, etc).
Banco Interatlântico, S.A., in the field of social responsibility, is highly recognized for its actions, namely in its involvement as a sponsor in events and projects aimed at collecting contributions, for a constant improvement of social causes, in their various aspects, such as education, culture, health and sport.
2015 was marked by the launch of the first Sustainability Report of a Bank in Cape Verde, presented in May, which reflects the social responsibility and sustainability of the business model and corporate positioning of Banco Interatlântico, SA.
In 2018, the Bank completed the payment of the subordinated debt loan of PTE 500 million.
The year 2019 was the culmination of the improvements recorded so far and which allowed the Bank to achieve a net result of c. of 477 thousand contos, considered the best in the history of Banco Interatlântico, S.A. This year, the Bank celebrated its 20th anniversary.
The year 2020 was marked by the year of the Pandemic and which forced us all to adapt to the new reality. To overcome all difficulties, the Bank relied on the professionalism and commitment of its employees, which allowed us to respond to our customers' requests as best as possible in extreme circumstances, with no service disruptions ever occurring.
Despite everything, Banco Interatlântico ended 2020 with a very positive evolution of its main activity indicators, consolidating and reinforcing itself as a reference bank of the Caixa Geral de Depósitos Group in Cape Verde.
In the second half of 2021, the Bank began its move to new premises, following corporate decisions and its General Meeting, and it is expected that by the end of 2022 all central services will be operating in the new premises.
In recent years, Banco Interatlântico, SA has been distinguished with the following awards:
- World Finance: The Best Bank, Cape Verde in 2009, 2010 and 2011;
- Best Green Bank Cabo Verde 2014, by CFI.co;
- Bank of the Year, Cape Verde 2017 by The European;
- Best Commercial Bank in Cabo Verde in 2017, 2018 and 2019, by Global Banking & Finance Review;
- Bank of the Year - Cape Verde 2018 and 2019, by The Banker.
- 2020, 2021 Bank of the Year - Cape Verde- The Banker
- the Best Bank in Corporate Governance 2020 – Cape Verde
- the Best Retail Bank 2020 – Cape Verde
Two awards given by the World Economic Magazine:
- the Best Corporate Bank 2021 – Cape Verde
- the Best Retail Bank 2021 – Cape Verde