The Banco Comercial do Atlântico ( Portuguese meaning the "Atlantic Commercial Bank", abbreviation: BCA) is a
Cape Verde
Cape Verde or Cabo Verde, officially the Republic of Cabo Verde, is an island country and archipelagic state of West Africa in the central Atlantic Ocean, consisting of ten volcanic islands with a combined land area of about . These islands ...
an
commercial bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit.
It can also refer to a bank or a division of a larger bank that deals with whol ...
. The headquarters of the company are located at
Praça Alexandre Albuquerque
Praça Alexandre Albuquerque is the main square of the capital city of Praia, Cape Verde. It is located in the southwestern part of the Plateau (Praia), Plateau, the historical city centre of Praia. Formerly known as ''Praça do Pelourinho'', it ...
, in
Praia
Praia (, Portuguese for "beach") is the capital and largest city of Cape Verde.History BCA
History
The bank was created on September 1, 1993, when the government split off the
commercial bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit.
It can also refer to a bank or a division of a larger bank that deals with whol ...
ing functions from the Bank of Cape Verde into the newly established Banco Comercial do Atlântico.
Privatization
Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation w ...
of BCA was authorised in 1998, and the group formed by
Caixa Geral de Depósitos
Caixa Geral de Depósitos (CGD) () is a Portugal, Portuguese state-owned banking corporation, and the largest bank in Portugal, established in Lisbon in 1876.
CGD now has presence in 23 countries spanning four continents through branches, repres ...
and Banco Interatlântico was selected as a strategic partner in February 2000. In 2019 CGD/BI sold 52.65% of the shares of BCA. The National Institute of Social Security owns 10%.