On May 2, 2016, the BGFIBank held a general assembly at the Radisson Blu hotel in Libreville. At the meeting, the group’s CEO, Henri-Claude OYIMA, showed shareholders, 2015’s results which were marked by:

• Launching of activities of its Senegalese subsidiary
• The implementation of new regulation in France and the COBAC Zone
• The integration of BGFIBank Holding Corporation to the COBAC regulation

Moreover, the group recorded good results:

• Consolidated net profit at FCFA30 billion up 24% compared to the previous year, reflecting a good return for the group. The significant increase results mainly from net banking product soaring and risks being well managed
• Net banking product up 17% to FCFA218 billion driven by the group’s dynamism and performances worldwide, and business diversification
• A net position at FCFA307 billion which confirms the group’s financial robustness with a solvency ratio of 16% and cost to income ratio of 53%

At the same time, the general assembly decided to share a dividend of FCFA3200 per share totaling more than 5 billion CFA francs. Value of BGFI Holding Corporation share is FCFA153103 against FCFA144666 last year for a nominal value of FCFA90000.

The group’s CEO also revealed its outlook for 2016 which is strongly axed on its refoundation via the reinforcement of mechanisms based on human capital, external growth, information system and governing. A development that relies also on the progressive structuring of BHC in conformity with the terms of the new COBAC regulation which targets monitoring on a consolidated basis and transborder monitoring.

The bank’s shareholders welcomed the “African bank of the year” award the group received at the AFRICA CEO Forum 2016 in March 2016, in Abidjan. BGFIBank has been working to finance African economies for 45 years.