Senegal: BCP commits to phase 2 of the PES

The Banque Centrale Populaire (BCP) will accompany Senegal in phase 2 of the Emerging Senegal Plan which will be launched on the sidelines of the Consultative Group scheduled for Paris on December 18th. “This commitment will be multifaceted, and aligned with the government’s ambitions for extractive industries, but also the development of agriculture, including the groundnut sector, and further strengthening of infrastructure,” Kamal said. Mokdad, director general of the BCP in charge of international development.

Visiting Senegal, on December 4, at the head of a large delegation of bank executives, Mr. Mokdad recalled the constant commitment of the bank in financing the Senegalese economy. “I recall that the relations between Banque Atlantique and the Senegalese state are historically dynamic. They reached a significant milestone in 2013 with the arrangement of a global financing of 250 billion FCFA. ”

This fundraising, the first of its kind in terms of both the amount and structuring in the subregion, had enabled the bank to further strengthen its links with the central government, as well as with public agencies and companies. , by setting up and arranging direct financing of the order of nearly FCFA 500 billion.

“Senegal is Morocco’s first partner in sub-Saharan Africa,” said Taleb Berrada, Morocco’s ambassador to Senegal, inviting Moroccan banks to get involved in phase 2 of the PES.

BCP is one of the first banking institutions in Morocco. With more than 6 million customers and 1,600 branches, it ranks first in terms of savings collection, with a market share of 27%. It is also the second largest donor of the Moroccan economy, with a market share of 25%.

 

The horse emblem bank, which is operational in the WAEMU zone through the Atlantic Bank brand, is among the top 10 African banks in terms of balance sheet size, and is the sixth largest banking group in Africa by the funds. own.

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