• Nsia Banque to launch securitizations in 5 West African countries to fund SMEs
• Securitization frees credit by converting receivables into securities
• Moves follow successful CFA40B deal and rising regional use

Nsia Banque, the Ivorian banking arm, will carry out structured securitization deals this year in Ivory Coast, Benin, Guinea, Senegal, and Togo. The goal is to unlock more funds for SMEs.

“We start 2025 with renewed ambition: to roll out a series of securitization operations aligned with our strategy to finance the real economy,” said Léonce Yacé, Deputy CEO of NSIA and head of its banking division, in a statement on June 20.

Securitization lets banks convert receivables into tradable securities sold to investors. This frees up credit capacity. Though still underused in the UEMOA zone, securitization could become a key tool to raise long-term funds amid strong financing demand.

Nsia Banque Côte d’Ivoire completed its first securitization in 2020, raising CFA40 billion ($70 million). “This operation proved the strength of the approach,” Yacé said, boosting the group’s resolve to scale up.

Between 2016 and 2023, WAEMU recorded 13 securitization deals totaling about CFA849 billion, with 11 deals happening between 2021 and 2023. In 2024, BOAD Titrisation led the “DOLI-P 2024–2031” deal, raising CFA160 billion by securitizing non-sovereign receivables. In 2025, the group launched “Keur Samba,” a CFA52 billion operation to finance SMEs through a multi-originator structure.

These new deals will grow the credit portfolios of Nsia’s subsidiaries while maintaining regulatory balance. They focus on sectors with strong economic potential and high financing needs.