Portuguese Banks and Their Expansion in Portuguese-Language Countries

Abstract

Several Portuguese banks have been established in Portuguese-language countries for a long time, with different strategies and aims. These banks are Banco BIC; Montepio, under the brand of Finibanco Angola; Millennium bcp (Banco Comercial Português); BPI (Banco Português de Investimentos), under the brand of Banco de Fomento Angola (BFA); and CGD (Caixa Geral de Depósitos), the only state-owned bank. These banks are operating in several countries, including Angola, Mozambique, Cape Verde, Guinea-Bissau, Timor, and Brazil, with different levels of strength and geographical coverage. Individual analyses of each bank’s performance, strategies, and aims follow.