Get to know a little about the history of this sound Bank, created with the needs of all Angolans in mind.

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  • Creation of two specialized Centers for Public and Institutional Business Sector.


  • Creation of Private Banking.


  • BFA celebrates 25 Years of Excellence and Innovation.
  • Creation of the Agribusiness Department.
  • Effective operationalization of the Risk Management Function.
  • Creation of the Training Academy.


  • UNITEL purchases +2% of BFA’s share capital, thus becoming the majority shareholder.


  • Incorporation of BFA Asset Management (“BFA Gestão de Activos”), focused on the management and trade of collective investment schemes.


  • BFA is BODIVA’s first member with over 70% of market share, both in number and volume of traded transactions.
  • BFA launches its first mobile application.


  • BFA Customer Support line opening: 923 120 120.
  • Kandandu prepaid VISA card launching.


  • Setting-up of Oil & Gas Corporate Vendors Centre in order to give an efficient response to the specific needs of Oil & Gas service provider companies.


  • Setting-up of Oil & Gas Corporate Operators Centre to give an efficient response to the specific needs of oil operators.
  • BFA network grows to reach a total of 167 service outlets, 139 branches, 15 corporate centres, 8 investment centres and 5 banking service points in December.
  • BFA service outlets in Luanda province reach a 20% market share out of a total of 498 service outlets.


  • Launch of the BFA SMS service for individual Customers.
  • Start of the eMudar@BFA project, which provides the Bank with an automated system for managing its procedures.
  • Signing of the Bankita Program Agreement with the BNA.


  • Creation of a Central Repository within an existing and dynamic information system to improve Customer service in terms of volume of queries and document requests met.


  • Expansion of the Commercial Network to 129 Branches.
  • Launch of the BFA Savings Plan product and Western Union services.


  • Change in the shareholding structure resulting from sale of 49.9% of BFA´s share capital to Unitel.
  • The Investment Centre network expands to the province of Benguela, with the opening of the first Investment Centre in Lobito.
  • Launch of the BFA Super Savings product, the primary source of new funds for the Bank, namely in USD.


  • Expansion of the Commercial Network continues, totalling 96 Branches, 83 Agencies, 7 Corporate Centres, 4 Investment Centres and 2 Banking Service Posts.
  • In partnership with VISA and EMIS, BFA becomes the first Bank to offer Credit and Debit Card cash withdrawals at all of its ATMs.


  • Faster expansion of the Commercial Network and customer segmentation, with the opening of the first Investment Centre.


  • The Social Fund is established with three main focus: Education, Health and Social Solidarity.
  • BFA launches the BFA Gold Card, the first Credit Card in Angola.


  • BFA begins segmenting the Commercial Network, with the opening of its first three Corporate Centres. They are designed to provide specialized services to Corporate Customers.


  • Opening of the new Headquarters in Luanda, highlighting the strength of the BFA brand in the Angolan market. It is also an important advance in the plan to expand the Commercial Network by concentrating the Central Services in a single location.


  • BFA becomes an autonomous entity under Angolan law.


  • BPI Group acquires BFE; the beginning of the Group´s aggressive expansion in Angola.


  • BFE expands its presence by opening a branch in Luanda. This marks the beginning of its operations as a Universal Commercial Bank, with a share capital of USD 4 million.


  •  The old Banco de Fomento Exterior – BFE opens a representative office in Luanda.

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