Banking in Cabo Verde

Banking in Cabo Verde refers to the financial services and institutions that operate within the island nation of Cabo Verde, located off the northwest coast of Africa. The banking system in Cabo Verde includes a mix of commercial banks, savings banks, and microfinance institutions that provide various financial services such as savings accounts, loans, and payment services. The Central Bank of Cabo Verde (Banco de Cabo Verde) serves as the country’s monetary authority, overseeing the regulation and supervision of the banking sector to ensure financial stability and consumer protection. The banking sector plays a vital role in supporting the economic development of Cabo Verde by facilitating investment, promoting savings, and providing financial inclusion to a diverse population distributed across several islands.