Bank of Cape Verde

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Banco de Cabo Verde
Type Public
Founded N/A
Headquarters Cape Verde
Products Central Bank
Website www.bcv.cv

The Bank of Cape Verde (Portuguese: Banco de Cabo Verde) is Cape Verde's central bank. It is located in the national capital of Praia on Santiago in Cape Verde.

History[edit]

The government established the Bank of Cape Verde in 1975, as a bank that combined commercial banking and central banking functions. The government created the bank by nationalizing the operations of the Portuguese colonial and overseas bank, Banco Nacional Ultramarino, which had established its first branch in Cape Verde in 1865. In 1993, the government split-off the commercial banking functions into the newly established Banco Comercial do Atlantico, which it then privatized after 1998.

See also[edit]

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