BGFIBank Europe obtains the extension of its banking license


Created in 2009, with a first extension of its authorization in 2015 which enabled the subsidiary of the BGFIBank Group to collect sight and term deposits from corporate clients, BGFIBank Europe is now authorized to collect funds from the public , in accordance with article 18 of the decree of December 4, 2017, by the College of the Prudential Control and Resolution Authority (ACPR).

The ACPR’s decision recognizes the robustness of internal control and the good performance of the subsidiary for several years. This extension is a key step in the international development of the BGFIBank Group and is part of the new “Dynamique 2025” Business Project.

“This accreditation testifies to the momentum engaged in the management and supervision of our Group, both on issues of good governance and compliance with the most demanding international standards” welcomed Henri-Claude OYIMA, Chairman and CEO of the BGFIBank Group. .

“With this extension of approval, BGFIBank strengthens its role as the international hub of the BGFIBank Group and its capacity to support and finance projects with high added value for the African continent” declared Francesco DE MUSSO, Managing Director of BGFIBank Europe.

As a reminder, the BGFIBank Group is a multi-business International Financial Group that combines financial strength, a strategy of sustainable growth and risk management, with the ambition of being the benchmark bank in its markets in terms of quality of service. Faithful to its values ​​of Work, Integrity, Transparency, Responsibility and Team Spirit, the Group places quality of service at the heart of its business. It supports its individual, corporate and institutional clients in a lasting relationship, with a wide range of products and services. The BGFIBank Group is constantly enriching its offer by relying in particular on the expertise of its partners, thus opening up to new areas. 1,938 employees in eleven countries support a diverse clientele on a daily basis in Benin, Cameroon, Congo, Ivory Coast, France, Gabon, Equatorial Guinea, Madagascar, Democratic Republic of Congo, Sao Tome et-Principe and Senegal.


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