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Melt butter over low heat and set aside to cool down.
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Peel ripe bananas and mash coarsely.
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Whisk eggs, sugar and vanilla extract in a mixing bowl. Mix in cooled melted butter and cooking oil. Add this mixture to the mashed bananas and mix well.
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Whisk flour, baking powder, baking soda and salt in a large mixing bowl.
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Add wet mixture to flour mixture and stir until ingredients are fully incorporated. Mix in the chopped walnuts.
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Line two loaf pans with parchment paper and scoop batter into the pans.
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Top with whole and chopped walnuts (optional).
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Bake in a preheated oven at 175 C for about 20 minutes on middle rack.
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Reduce temperature to 160 C and bake for another 20 to 30 minutes on lower rack.
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If you find top of cake turning too brown, cover the top with parchment paper. Test cake with a skewer. It is fully baked when skewer comes out clean.
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Remove cake from pan by lifting the parchment paper and leave to cool on rack before cutting.