Finance

BGFIBank Congo opens new office in Brazzaville

Friday, 26 February 2016 13:44

On February 25, the CEO of BGFIBank Group, Henri-Claude Oyima, inaugurated the new office of its Brazzaville subsidiary. Present at the inauguration was President Sassou Nguesso and many other Congolese political figures and businessmen.

Reviewing the activities of its group in Congo over the past 15 years, Oyima said BGFIBank Congo today, leads the market with 36% of its shares, be it in terms of deposits, or loans to customers.

In five years, from 2010 to 2015, BGFIBank Congo recorded a growth of 79% of its total balance sheet to FCFA771 billion. Total loans to customers soared 293% to FCFA496 billion. Net Banking Product increased by 167% to 64 billion CFA.

The group employs 244 collaborators, 237 nationals, many of whom are trained at the Group’s school, BBS School of Management.

“All these make BGFIBank Congo one of our greatest assets,” said the group’s CEO who cited biggest projects in which the group invested in Congo:

- Rehabilitating equipment at Congo Ocean railway

- Construction of the Congo Power Station

- Extension works at the Pointe-Noire Autonomous Port

- Rehabilitaion of Brazzabille’s Port

“BGFIBank Group injected more than 1,000 billion CFA, over five years, for Congo’s economic development,” he added.

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