Mr. Thierno Seydou Nourou SY, new President of the Association of West African Banks (ABAO), continues to implement his strategy to revitalize this Association, which brings together the two hundred and fifty (250) Commercial Banks , Financial Institutions and Financial Institutions of the fifteen (15) countries of the Economic Community of West African States (ECOWAS). To this end, he went to Lomé, Togo, accompanied by Mr. Séga BALDE, Secretary General of ABAO, where he held, on October 19 and 20, 2021, important meetings with the following Personalities , surrounded by their main collaborators:
- Mr. Ade AYEYEMI, Managing Director of the ECOBANK International Group Inc.
- Dr. George Agyekum Nana DONKOR, President of the Bank of Investment and
ECOWAS Development (EBID)
- Messrs Cheikh Tidiane NDIAYE and Mamoudou KANE, Deputy General Managers of
ORAGROUP, in the absence of Mr. Ferdinand Ngon KEMOUN, Managing Director.
Madame Aïna MOORE, First Vice-President of the ABAO, Mr. Guy-Laurent FONDJO, Second Vice-President and Mr. John DAVIES, Honorary President also participated in these meetings by videoconference. During his speeches, President Thierno Seydou Nourou SY amply presented the ABAO, its Organization, its Achievements, its Programs, Projects and Proposals of Values resulting from its Strategic and Organizational Development Plan 2020/2024 (PDSO 2020/2024 ) while emphasizing its New Governing Bodies created to boost it while strengthening its credibility. He clearly outlined the outlines of the very close partnership to be established with each of these institutions in order to allow this Professional Association, member of the ECOWAS Private Sector Group, to play its role more fully to the benefit of the Banking System of this zone.
On instructions from the Conference of Heads of State, major community projects such as the Single Currency and the Payment and Settlement System are advancing rapidly. Quite naturally, Commercial Banks and Financial Institutions will be the main operators in their implementation.
The same applies, among other things, to the implementation of projects and the application of the above devices.
after in ECOWAS countries:
- Interoperability of the Payment and Settlement Systems of all Banks
- West African Banking Institute,
- Central Balance Sheet,
- Credit Risk Data Center,
- BALE International Standards 2 and 3,
- International Financial Reporting Standards (IFRS Standards),
- Standards of the African Continental Free Trade Area (ZLECAF).
Hence the importance of human, financial and logistical resources as well as the close partnerships with all its members that the ABAO needs to become fully involved in order to make their voice heard. All the personalities met were largely convinced by this plea from the new Executive Board of the ABAO. They warmly thanked him for organizing these meetings and warmly commended him for the clarity and relevance of his vision. They are committed to strengthening their institutional and financial support to this Association while becoming more involved in its operation.
We are hopeful that their example will be amply followed by all the other ECOWAS Banking Groups for the benefit of our Community, its Economic Agents and its citizens.