BGFIBank Europe, the European subsidiary of the BGFIBank Group, plays a strategic role as a European hub serving the Group's subsidiaries and its international financial partners.
The Financial Institutions division relies on a solid African banking network, covering sub-Saharan Africa, and on recognized expertise in interbank flows, treasury and trade finance.
This organization allows BGFIBank Europe to act as a coordination and correspondent banking platform, offering partner financial institutions secure solutions that comply with international standards and are adapted to the specificities of African markets.
Banking correspondence
Processing of international interbank flows via SWIFT messages, including:
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MT103 / MT202 (Financial Institutions and Corporate),
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in euros and in US dollars
BGFIBank Europe is a member of the TARGET2 system via the Bank of France, guaranteeing secure access to European payment systems.
Foreign Exchange (Change)
BGFIBank Europe carries out foreign exchange transactions in the main currencies used in Europe-Africa flows, including:
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EUR, USD, XOF, XAF.
Products offered:
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Spot,
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Forward,
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Swap.
These operations are carried out in compliance with applicable market rules and internal limits.
Treasury
The Financial Institutions division offers cash management and optimization solutions, including:
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Short-term financing solutions (interbank overdrafts),
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Cash investments in the money markets.
Trade Finance
BGFIBank Europe supports financial institutions in their trade finance operations, particularly through:
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discounting of endorsed bills of exchange,
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confirmation of letters of credit (L/C),
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documentary submissions,
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stand-by letters of credit.
These services are part of a strategy to secure commercial flows and strengthen interbank relations.