Libreville, Gabon – October 20, 2023

The BGFIBank Group’s African ambitions have been further strengthened with the signing, by its subsidiary BGFIBank Congo, of an agreement to acquire the Republic of Congo’s stake in the share capital of Société Générale Congo.

Through this acquisition, the BGFIBank Group, a major financial player in Africa and a leader in the Central African banking sector, is consolidating its position in the Republic of Congo as part of its growth strategy.

With more than 50 years of experience and recognized for its in-depth knowledge of African markets, forward-looking vision, and commitment to driving economic growth across Africa, BGFIBank is taking a significant step toward achieving its ambition of strengthening the Group’s performance.

The transaction, which is expected to be completed in early 2024, is subject to the prior approval of the relevant financial and regulatory authorities.

Quote:

“The BGFIBank Group welcomes the successful completion of this major acquisition, which will enable us not only to strengthen our position as a market leader in the Republic of Congo, but also to reaffirm our commitment to the development of the countries in which we operate,” said Mr. Henri-Claude OYIMA, Chairman and Chief Executive Officer of the BGFIBank Group.

About the BGFIBank Group

The BGFIBank Group is an international, diversified financial group that combines financial strength, a sustainable growth strategy, and effective risk management, with the ambition of becoming the benchmark bank in its markets in terms of service quality.

True to its values of Work, Integrity, Transparency, Responsibility, and Team Spirit, the Group places service quality at the heart of its activities. It supports its clients through long-term relationships by offering a broad and tailored range of products and services through:

• Its 12 banking subsidiaries operating under the BGFIBank brand;
• Its 3 specialized subsidiaries operating under the BGFICapital, BGFIBourse, and Finatra brands;
• Its insurance company operating under the ASSINCO brand;
• Its 4 shared service centers operating under the BBS, BGFIServices, Fondation BGFIBank, and Hédenia brands.

The BGFIBank Group continuously enhances its offering by drawing, in particular, on the expertise of its partners, thereby expanding into new areas of activity.

With more than 2,600 employees across twelve countries, the Group supports a diverse client base on a daily basis in Benin, Cameroon, the Central African Republic, the Republic of the Congo, Côte d’Ivoire, France, Gabon, Equatorial Guinea, Madagascar, the Democratic Republic of the Congo, São Tomé and Príncipe, and Senegal.

BGFI Holding Corporation is the parent company of all BGFIBank Group subsidiaries.