• BGFIBank Côte d’Ivoire increased its capital to CFA60 billion ($106 million).
• The move follows a similar capital increase at BGFIBank Cameroon.
• The bank reported strong growth in 2025, with profit up 32%.

BGFIBank is continuing to strengthen the capital base of its subsidiaries in Central and West Africa. On March 6, the board of directors of BGFIBank Côte d’Ivoire approved a capital increase of CFA40 billion, bringing the bank’s share capital to CFA60 billion (about $106 million).

The move was announced on LinkedIn on March 8 by Henri-Claude Oyima, the group’s chief executive. He said the significant boost in capital will help the subsidiary take advantage of opportunities in Côte d’Ivoire’s fast-growing banking market, which he described as one of the four main growth hubs for the BGFIBank group.

Capital increases across multiple subsidiaries

The group carried out a similar operation in Cameroon. On Saturday, February 28, the board of BGFIBank Cameroon approved a capital increase that raised the bank’s share capital from CFA20 billion to CFA50 billion.

Both operations came just days after BGFI Holding Corporation raised more than CFA45 billion through its initial public offering. The financial holding company said the proceeds would help fund priority investments, including strengthening its position in markets where it already operates and expanding its operational capacity.

Financial results on the rise

Even before the latest increase, BGFIBank Côte d’Ivoire already exceeded the minimum capital requirement set by regional regulators. On December 21, 2023, the Council of Ministers of the West African Economic and Monetary Union (WAEMU) raised the minimum capital requirement for banks in the region from CFA10 billion to CFA20 billion.

According to the Central Bank of West African States, the reform aims to strengthen the resilience of the regional banking system and improve the ability of financial institutions to withstand economic and financial shocks.

BGFIBank Côte d’Ivoire’s financial statements for the year ending December 31, 2025 show strong business growth. The bank’s total assets reached CFA1,236 billion, up 18% from the previous year, while net profit rose 32% to CFA21.5 billion.

In light of these results, the board plans to propose a total dividend distribution of CFA13 billion to shareholders at the next general meeting.

Chamberline Moko