Banque Atlantique opens branch in Guinea-Bissau in 2016

5 November 2015

The Banque Atlantique bank from Ivory Coast is expected to open a branch in Guinea-Bissau in the first half of 2016, Jeune Afrique magazine reported in its latest edition.

The magazine also wrote that the bank will position itself for retail banking and business support and will be the fifth bank in the country, after Banco da África Ocidental (BAO), Banco da União (BDU), Ecobank and Orabank.

The bank is part of the Atlantic Business International Group (ABI), a financial services conglomerate based in Lome, Togo, and present in Ivory Coast, Benin, Niger, Burkina Faso, Mali, Togo, Senegal and Cameroon.

The group was approved by the Guinea-Bissau authorities to set itself up in what was, until now, the only state in the West African Economic and Monetary Union (UEMOA) in which it was not yet present.

ABI is the result of a partnership signed in June 2012 by the Atlantic Financial Group and the Banque Centrale Populaire group (BCP) of Morocco.

The opening of the branch in Guinea-Bissau will be led by Ivory Coast’s Souleymane Diarrassouba, Director General of the ABI and Rachid Agoumi, former director for international area of ​​the BCP. (macauhub/GW)