Banco Best
Banco Best, also known as Best Bank, is a private financial institution founded in 2001 and registered with the Bank of Portugal and the Portuguese Securities Market Commission (CMVM).
| Banco Best Best Bank | |
| Company type | Privately held company |
| Industry | Banking Financial services |
| Founded | 2001 |
| Headquarters | Lisbon, Portugal |
Area served | Portugal |
Key people | Nuno Rocha Pedro das Neves Marta Mariz |
| Products | Checking Accounts Term Deposits Investments Retirement Cards Loans Insurance |
| Services | Retail Banking Commercial Banking Investment Banking Private Banking Wealth Management |
| Revenue | €18.3 million (2022) |
| €1.8 million (2022) | |
| €1.7 million (2022) | |
| Total assets | €878 million (2022) |
| Total equity | €78.9 million (2022) |
| Owner | novobanco (100%) |
| Members | 89,000 (2021) |
Number of employees | 87 (2022) |
| Capital ratio | 50.6% (2022) |
| Website | https://www.bancobest.pt/ |
Based in Lisbon, Banco Best operates in the areas of Banking, Asset Management, and Trading, providing its services from a multi-channel perspective.
Focused on digital, Banco Best offers a wide range of everyday products and services, such as accounts, credit and debit cards, credit and insurance, as well as a variety of investment products, including funds, ETFs, stocks, and retirement products.
Banco Best products include Conta Digital. MB WAY and access to all the bank's products, such as term deposits.
In addition to its online focus, the digital bank also has 6 Investment Centers (Aveiro, Braga, Faro, Leiria, Lisbon, and Faro) and 7 Offices (Boavista, Guimarães, Monção, Porto - Foz, Santarém, Tâmega e Sousa, and Vila Verde).
Banco Best concluded the 2021 financial year with a positive net result of 3.3 million euros. However, in 2022, despite an increase in revenue, the bank experienced a decrease in net results, which amounted to 1.7 million euros.