Banco Internacional de Sao Tome e Principe
Encyclopedia
Banco Internacional de São Tomé e Príncipe (BISTP) is the largest and oldest commercial bank in São Tomé and Príncipe
. It consists of a head office and three branches.
from a combined central, development, and commercial bank into a pure central bank, Central Bank of São Tomé and Príncipe
, in 1993. The government joined with two Portuguese
banks, Banco Nacional Ultramarino
and Banco Totta e Açores, to establish BISTP. The government owned 42%, and the two banks shared 52%. (The government had created National Bank of São Tomé and Príncipe in 1975 out of the branch of Banco Nacional Ultramarino. The bank, therefore, in a sense can trace its history back to Banco Nacional Utlramarino's entry in 1868.) The Portuguese bank, Caixa Geral de Depósitos
, which had acquired Banco Nacional Ultramarino in 1988, merged with it fully in 2001. In 2000, Banco Santander acquired Banco Totta e Açores and disposed of its interest in BISTP to Caixa Geral de Depósitos, which now owns 52% of BISTP.
São Tomé and Príncipe
São Tomé and Príncipe, officially the Democratic Republic of São Tomé and Príncipe, is a Portuguese-speaking island nation in the Gulf of Guinea, off the western equatorial coast of Central Africa. It consists of two islands: São Tomé and Príncipe, located about apart and about , respectively, off...
. It consists of a head office and three branches.
History
The bank was formed when the government converted National Bank of São Tomé and PríncipeNational Bank of São Tomé and Príncipe
The National Bank of São Tomé and Príncipe is the former name of the central bank of the Atlantic Ocean island nation of São Tomé and Príncipe. The current name is Central Bank of São Tomé and Príncipe.-See also:*Central banks and currencies of Africa...
from a combined central, development, and commercial bank into a pure central bank, Central Bank of São Tomé and Príncipe
Central Bank of São Tomé and Príncipe
Central Bank of São Tomé and Príncipe is the central bank of the Democratic Republic of São Tomé and Príncipe.-History:...
, in 1993. The government joined with two Portuguese
Portugal
Portugal , officially the Portuguese Republic is a country situated in southwestern Europe on the Iberian Peninsula. Portugal is the westernmost country of Europe, and is bordered by the Atlantic Ocean to the West and South and by Spain to the North and East. The Atlantic archipelagos of the...
banks, Banco Nacional Ultramarino
Banco Nacional Ultramarino
Banco Nacional Ultramarino was a Portuguese bank with operations throughout the world, especially in Portugal's former overseas provinces. It ceased existence as an independent legal entity in Portugal following its merger with Caixa Geral de Depósitos, the government-owned savings bank, in...
and Banco Totta e Açores, to establish BISTP. The government owned 42%, and the two banks shared 52%. (The government had created National Bank of São Tomé and Príncipe in 1975 out of the branch of Banco Nacional Ultramarino. The bank, therefore, in a sense can trace its history back to Banco Nacional Utlramarino's entry in 1868.) The Portuguese bank, Caixa Geral de Depósitos
Caixa Geral de Depósitos
Caixa Geral de Depósitos is a Portuguese state-owned banking corporation and the largest bank in Portugal.- History :*1876 — Caixa Geral de Depósitos was founded under the aegis of the Junta de Crédito Público....
, which had acquired Banco Nacional Ultramarino in 1988, merged with it fully in 2001. In 2000, Banco Santander acquired Banco Totta e Açores and disposed of its interest in BISTP to Caixa Geral de Depósitos, which now owns 52% of BISTP.