Banco Best

BEST - Banco Electrónico de Serviço Total, S.A.

Trade name	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)
Operating income	€1.8 million (2022)
Net income	€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/

Banco Best, also known as Best Bank, is a private financial institution founded in 2001 and registered with the Bank of Portugal^[1] and the Portuguese Securities Market Commission (CMVM).

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.^[2] 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).^[3]

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.