Highligthts :

• Nsia to launch securitization deals in Côte d’Ivoire, Benin, Guinea, Senegal, Togo
• The move aims to unlock more credit for small and medium-sized businesses
• Nsia completed a $70 million securitization deal in 2020 and plans to scale up

Nsia Banque Côte d’Ivoire plans to roll out a new series of securitization deals this year to support small and medium-sized businesses across its key African markets. The operations will cover countries where the group is active, including Côte d’Ivoire, Benin, Guinea, Senegal, and Togo.

“We are starting 2025 with renewed ambition to launch a series of securitization deals aligned with our strategy to finance the real economy,” said Léonce Yacé, Deputy CEO of Nsia Group and head of the banking division, in a June 20 statement.

Securitization allows banks to convert existing loans into marketable financial securities that are sold to investors. This frees up more lending capacity and provides long-term funding. Though still uncommon in the West African Economic and Monetary Union (WAEMU), securitization is seen as a tool with strong potential to mobilize capital in a region with growing financing needs.

Nsia Banque Côte d’Ivoire already carried out its first securitization deal in 2020, worth CFA40 billion, or $70 million. According to Yacé, the success of that transaction confirmed the strength of the model and reinforced the group’s decision to scale up the strategy across multiple markets.

Between 2016 and 2023, the WAEMU region recorded 13 securitization deals totaling nearly CFA848.8 billion, with 11 of those transactions happening between 2021 and 2023.

More recently, in 2024, the BOAD Titrisation-led “DOLI-P 2024–2031” deal raised CFA160 billion by securitizing non-sovereign debt. In 2025, another CFA52 billion operation, named “Keur Samba,” was launched to fund SMEs through a multi-seller structure.

Nsia’s upcoming securitization deals aim to grow the loan portfolios of its subsidiaries while maintaining regulatory stability. The new transactions will focus on high-potential economic sectors with strong financing needs.