Our History
Caixa Económica was established on May 18, 1928, under the name ‘Caixa Económica Postal’, as part of the then ‘Correios e Telegráficos’ service under the Ministry of Telecommunications.
On December 30, 1985, it became an autonomous financial institution known as Caixa Económica de Cabo Verde, operating under the supervision of the Ministry of Finance.
From 1993 to 2000, Caixa Económica de Cabo Verde experienced significant growth and development, both in quality and scale, which was particularly evident at the national level.
This growth, evident in the increase in deposits, credit issued, and own funds, was driven by factors such as the expansion of the product and service offerings, the enlargement of the branch network, the adoption of a new approach to customer relations, and the implementation of modern and innovative IT solutions.
Caixa has consistently been at the forefront of innovation, leading the national banking system in payment methods and digital channels.
In 1998, it was the first Cape Verdean bank to join the Western Union service, facilitating money transfers to and from Cape Verde.
In 2000, it was one of the first to join the Vinti4 service, making bank cards available to its customers.
In 2001, it spearheaded access to microcredit in the banking system, enabling co-operatives and micro-entrepreneurs, mostly women, to undertake and generate their own income.
In a commitment to innovation, the company joined the Visa network in 2005, allowing its customers to enjoy the advantages of credit cards, particularly when traveling internationally.
In 2006, the bank aunched Internet Banking, allowing customers to access their accounts 24/7.
In 2012, it became the first bank to achieve international certification for its Information Security Management System and Quality Management System by obtaining ISO 27001 and ISO 9001 certifications.
In 2017 the shareholder INPS acquired all the shares of the then shareholder IMPAR - Companhia Cabo-verdiana de Seguros, SARL, reinforcing its position in Caixa.
In 2019, the State of Cape Verde joined Caixa's shareholder structure, following the acquisition of the entire shareholding of GEOCAPITAL, Gestão de Participações S.A.
In 2020, amid the most significant economic crisis of the century and the uncertainties brought on by the Covid-19 pandemic, Caixa remained a leader in technological innovation within the national banking system. The bank introduced a revamped Internet Banking platform, aimed at delivering convenience and enhancing the customer experience in line with the necessary guidelines for social distancing and preventive isolation.
In 2021, Caixa introduced an online credit solution, reinforcing its commitment to innovation and making digitalization the institution's primary focus.
Mission
To provide quality financial global services, contributing to the sustainable economic development of the country and promoting financial inclusion.
Vision
To be recognized as the Bank of reference in the Cabo Verdean financial system, sustained by technological and commercial innovations, prudent and judicious risk management and the Bank that identifies the most with Cabo Verde.
Values
- Integrity;
- Rigor;
- Diligence;
- Competence;
- Transparency;
- Responsibility;
Corporate Bodies
Board
Raquel Helena
Lopes Spencer Medina
Vice-Chair
Zilmar Darilson
Silva Lopes
First Secretary
Dulce Sofia
Dupret Fonseca
Directors
Jailson da Conceição
Teixeira de Oliveira
Vice President
Gomes Pina
Member
António Carlos
Moreira Semedo
Member
Maria Júlia
Mendes do Rosário Ferreira
Member
Adilson Vaz
Cabral
Member
Yara Helena
Semedo Craveiro Miranda Semedo
Member
Waldemar José
Lima Fonseca Bento
Committee
Vitalzinho
Vieira Landim
Member
Sandra Marisa
Semedo Monteiro
Member
José Armindo
Fernandes Duarte
Alternate
Sheila Maritza
Timas Pinto Monteiro Moeda
Committee
António Carlos
Moreira Semedo
Member
Maria Júlia
Mendes do Rosário Ferreira
Shareholder Structure
| Entity | Shares | % |
|---|---|---|
| Instituto Nacional de Previdência Social (Institution of Social Security) | 657.200,00 | 47,21% |
| Correios de Cabo Verde (National Post Office) | 210.749,00 | 15,14% |
| Outros Subscritores e Trabalhadores (Other Subscribers and Employess) | 524.051,00 | 37,65% |
| TOTAL | 1.392.000,00 | 100,00% |
Annual Reports
Audit Report 2022
Corporate Governance
Organogram
To consult our organogram click here.
ISO Certification
ISO 27001 is an international standard that establishes requirements for an Information Security Management System, allowing organizations to assess their risks and implement the necessary procedures to preserve confidentiality, integrity and availability of information. Its main objective is to prevent information used by unwanted third parties or irretrievably lost. Source : www.bureauveritas.pt
ISO 9001 is an international quality management benchmark, applicable to all organizations, regardless of size or sector of activity. The quality management systems defined in this standard are based on 7 principles (fundamental for the improvement of your business). These are: Focus on the client; - Leadership; - Commitment from people; - Process approach; - Improvement; - Decision making based on evidence; - Relationship management. Source: www.bureauveritas.pt