Senegal: BNDE, new colors, new ambitions

The National Bank for Economic Development (BNDE) has just unveiled its new visual identity. With more expressive colors that anchor the bank in its universal character, the financing of SMEs, agri-business and the real economy in general. Unveiling the bank’s new colors on May 27, the institution’s chief executive, Thierno Seydou Nourou Sy, said the bank is working on an ongoing 2021 stimulus plan to support strategic sectors. “We intend to put in place investment conditions and promote industrial units which aim to produce locally,” said Thierno Seydou Nourou Sy.

BNDE thus reaffirms its desire to support the cashew sector, the groundnut value chain and, among others, the marketing of rice by adjusting to the Adjusted and Accelerated Priority Action Plan (PAP 2A), revised version of the Senegal Plan. Emerging (PSE), for the recovery of the economy. Note that this change comes after the departure of one of the shareholders, Bridge Bank, who brought his experience in the start-up and consolidation phase of BNDE’s activity. “After 7 years, the time has now come for us to continue our journey by devoting ourselves more and fully to meeting the expectations of our customers,” said Mr. Sy. Building on its success and its public banking model serving the real economy, BNDE has legitimate regional ambitions in view of its performance. In 2020, the bank saw its total balance sheet reach CFAF 279 billion, up 29% year on year. Despite the Covid-19 pandemic, the bank increased its aid to the economy, established at 143 billion FCFA, up by 32 billion FCFA.

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