AFG HOLDING ANNOUNCES AN AGREEMENT WITH THE IVORIAN STATE FOR THE TAKEOVER OF BANQUE POPULAIRE DE CÔTE D’IVOIRE.
Atlantic Financial Group (AFG) is honoured to announce that it has reached an historic agreement with the State of Côte d’Ivoire to take over the activities of Banque Populaire de Côte d’Ivoire (BPCI).
The transaction, which is subject to approval by the WAEMU Banking Commission, provides for AFG Bank Côte d’Ivoire, the subsidiary of AFG Holding, to take over all of BPCI’s customers, staff and activities by the end of the 2023 financial year.
AFG would like to reassure all staff, customers and partners of Banque Populaire de Côte d’Ivoire that this acquisition is part of a plan to strengthen the Bank’s capacities and the quality of service they receive, and thus reiterates its commitment to maintaining operational stability in order to ensure continuity of services and to provide them with cutting-edge financial products that are perfectly aligned with their expectations and meet their needs.
This operation illustrates our strong desire to actively support the government in implementing its ambitious development plan for our country and also reflects our aspiration to play an important role in the Ivorian and African banking market.
About AFG Holding:
AFG is the financial arm of Atlantic Group, a diversified pan-African group with more than 40 years of uninterrupted activity in the banking sector.
With a presence in 7 countries in Central Africa, West Africa and the Indian Ocean, AFG is positioned as a pan-African financial partner of choice in the banking and insurance sectors, contributing to the development and intensification of financial inclusion for African populations.
