Caixa Económica de Cabo Verde Banking Made Easy

Caixa Económica de Cabo Verde offers a range of banking services that cater to the unique needs of the Cape Verdean community.

The bank has a strong presence in the country, with a network of branches and ATMs that provide easy access to banking services.

With a focus on financial inclusion, Caixa Económica de Cabo Verde has implemented various initiatives to make banking more accessible to everyone.

The bank's services include account opening, loan facilities, and investment options, all designed to help individuals and businesses achieve their financial goals.

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Cabo Verde Banking has seen a significant growth in recent years, with the Caixa Económica de Cabo Verde (CECV) posting a historic profit of 8.5 million euros in 2019.

The bank's net profit was largely due to the improvement in its product portfolio, which saw a 7.58% increase compared to 2018. This growth was also attributed to the increase in deposits and credit facilities.

In 2020, the bank's council of administration decided to apply 10% of the profit to Reservas Obrigatórias, and the remaining 90% to the Results Transitados account.

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The government of Cabo Verde is selling 27.44% of its shares in the Caixa Económica de Cabo Verde, a major bank in the country.

The sale is part of the government's agenda to privatize state-owned companies, and it's a crucial step in modernizing and expanding the country's financial market.

The Caixa Económica de Cabo Verde has a strong financial position, with an asset of 3.503.409 milhares of escudos and a solvability ratio of 24.30% in 2023.

The bank has a significant presence in the country, with 38 agências/balcões and three delegações, and it serves over 355.566 customers.

The sale of shares will be conducted on the Bolsa de Valores de Cabo Verde, and the price per share is set at 4.080 CVE, equivalent to around 37 euros.

The government aims to promote economic development, competitiveness, employment, and growth by allowing the private sector to take a more active role in the country's economy.

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The sale of shares will also provide an opportunity for families in Cabo Verde and the diaspora to invest in the bank and diversify their portfolios.

The Caixa Económica de Cabo Verde has a strong track record, with a historic profit of 8.5 million euros in 2019 and a growth of 98.55% in its result liquid in the same year.

The bank has a significant presence in the country's financial market, with a strong customer base and a significant market share.

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A SWIFT code is required to send an international money transfer over SWIFT, and it's used for international wire transfers.

The first 8 symbols of the SWIFT code CXECCVCV can be used for a SWIFT funds transfer, but it's recommended to double check with CAIXA ECONOMICA DE CABO VERDE, SA.

Most banks rely on their own or centralized reference data, so you can send SWIFT payments to CAIXA ECONOMICA DE CABO VERDE, SA without specifying correspondent banks.

The Business Identifier Code (BIC) is defined by ISO 9362:2022, and the SWIFT/BIC code CXECCVCV was registered by the SWIFT organization.

The LEI identifier has been registered by LEI Worldwide.

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USSD banking is a convenient way to manage your money on the go, allowing you to perform financial transactions directly from your mobile phone, even without an internet connection.

It's fast and simple, making it perfect for busy lives. USSD banking uses a protocol called USSD (Unstructured Supplementary Service Data) code, which is a short code that communicates directly with your phone.

USSD codes provide instant, session-based communication, used for services like balance checks, mobile money transactions, and subscriptions.

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The Caixa Económica de Cabo Verde is a significant player in the Cabo Verdean banking scene. It's one of the largest banks in the country, with a liquid asset of 3.503.409 milhares of escudos (31.773 milhares of euros) as of 30 September 2023.

The bank has a strong financial position, with a solvency ratio of 24.30% and a liquid asset ratio of 24.30%. It's also considered one of the most digital banks in the sector.

The bank's financial performance has been impressive, with a new record profit of 11.1 million euros in 2022, a 27% increase from the previous year. This growth is attributed to the bank's improved product offerings, which saw a 7.58% increase in 2018.

The bank has a significant presence in the market, with 38 agencies/bank counters and three delegations, serving 355,566 clients and employing 371 workers. Its client base has grown steadily, reaching 362,673 clients by the end of 2019, a 3.5% increase from the previous year.

The bank's financial health is also reflected in its funds, which reached 4,807 million escudos (43.2 million euros) at the end of 2019, a 15.97% increase from the previous year. This growth is attributed to the bank's improved profitability.

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