(BGFIBank) – The Central African Banking Commission (COBAC) has authorized the acquisition of Société Générale Congo by BGFIBank Congo, a subsidiary of the BGFIBank Group.
This decision by COBAC marks a significant step in the expansion strategy of the BGFIBank Group, which thus consolidates its position as the leading financial group in Central Africa.
“This acquisition is good news for the Group, which is delighted to welcome Société Générale Congo. It attests to the solidity and effectiveness of our Dynamic Business Project 2025, the objective of which is to ensure controlled, profitable and sustainable growth for the BGFIBank Group. In accordance with pillar 5 of our Strategic Plan on development, the Group is continuing its search for new opportunities to expand its activities in its various countries of establishment in order to position itself as a player in the transformation of African economies.” declares Mr. Henri-Claude OYIMA, Chairman and CEO of the BGFIBank Group.
For the 2023 financial year, the BGFIBank Group recorded exceptional results with a balance sheet total of USD 9 billion, net banking income of USD 492 million and consolidated net income of USD 156 million.
About the BGFIBank Group
The BGFIBank Group is an international multi-business financial group that combines financial strength, sustainable growth strategy and risk management with the ambition of being the benchmark bank on the markets.
The BGFIBank Group places quality at the heart of its business, relying on the perpetual quest for Excellence and Innovation. It enriches its offer by leveraging the expertise of its partners, thus opening up to new areas with more than 2,600 employees present in twelve countries who support a diverse clientele on a daily basis in its countries of operation: Benin, Cameroon, Republic Central African Republic, Congo, Ivory Coast, France, Gabon, Equatorial Guinea, Madagascar, Democratic Republic of Congo, Sao Tome and Principe and Senegal.
