We are pleased to announce that Caixa has been recognized as the most systemically important bank in the country.

This recognition underscores Caixa's crucial role in the Cape Verdean financial system, solidifying its leading position and reputation as a key financial institution in Cape Verde.

According to BCV's assessment report, the regulator will publish a list of credit institutions - identified as  -high systematic importance, meeting the said threshold annually.

Caixa Económica de Cabo Verde has been identified as the bank with - high systemic importance in the archipelago, as revealed by Banco de Cabo Verde, the financial sector regulator.

Following Caixa Económica, BCA, BCN, and Banco Interatlântico have been categorized, with BCN and Banco Interatlântico considered to have slight systemic importance.

In contrast, BAI, iiB, and Ecobank were listed - as not systemically important.

The assessment originates from the BCV, which will now publish a list of credit institutions designated as - banks of systemic importance at a domestic level every 31st May.

According to a report by Agência Lusa, the classification of each bank factored on using data from December 31st of the previous year. The classification factored on four indicators: size (35%), interconnectivity (20%), substitutability (35%), and domestic sentiment (10%).

According to the same source, after calculating the scores, Caixa Económica leads the ranking with 285 points, followed by BCA, which has 264 points, surpassing the 200-point threshold that designates institutions as - domestic banks of high systemic importance.

The regulator did not identify banks scoring between 150 and 200.

In the 95 to 150 points range, BCN scored (117 points), and Interaltântico (97 points) - was classified as a “domestic bank of slight systemic importance.” BAI, iiB, and Ecobank, all scoring below 95 points - deemed to have no systemic importance.