Atlantic Bank Group
Encyclopedia
Atlantic Bank Group, commonly known by its French
name Groupe Banque Atlantique, is a West Africa
n financial services conglomerate
, headquartered in Lome
, Togo
. The Group consisting of banks and other financial services companies in Cote d'Ivoire
, Benin
, Niger
, Burkina Faso
, Mali
, Togo
, Senegal
and Cameroon
.
and Central Africa
, with emphasis on retail banking, but offering a full range of financial products. The group maintains in excess of one hundred fifty (150) branches in the eight (8) countries that it serves. The Group's shareholder's equity is in excess of US$122 million, as of October 2010.
with the symbol SGI. In 2005, SGI became Atlantic Financial Group, the holding company of the Atlantic Bank Group. In 2004, a new subsidiary under the name GIE was established to handle the Group's computing and information technology needs. In 2007, GIE rebranded as Atlantic Technology SA.
Starting in 2006, the Group started a regional expansion drive by the opening of Atlantic Bank Benin that year. The next year, Atlantic Bank Niger, Atlantic Bank Burkina Faso, Atlantic Bank Mali and Atlantic Bank Togo were established. Since then Atlantic Bank Senegal (2007) and Atlantic Bank Cameroon (2009) were established. Also in 2009, COBACI was merged with Atlantic Bank Cote d'Ivoire (BACI).
, Togo
. The member companies of the Atlantic Bank Group include the following:
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
name Groupe Banque Atlantique, is a West Africa
West Africa
West Africa or Western Africa is the westernmost region of the African continent. Geopolitically, the UN definition of Western Africa includes the following 16 countries and an area of approximately 5 million square km:-Flags of West Africa:...
n financial services conglomerate
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
, headquartered in Lome
Lomé
Lomé, with an estimated population of 737,751, is the capital and largest city of Togo. Located on the Gulf of Guinea, Lomé is the country's administrative and industrial center and its chief port. The city exports coffee, cocoa, copra, and palm kernels...
, Togo
Togo
Togo, officially the Togolese Republic , is a country in West Africa bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, on which the capital Lomé is located. Togo covers an area of approximately with a population of approximately...
. The Group consisting of banks and other financial services companies in Cote d'Ivoire
Côte d'Ivoire
The Republic of Côte d'Ivoire or Ivory Coast is a country in West Africa. It has an area of , and borders the countries Liberia, Guinea, Mali, Burkina Faso and Ghana; its southern boundary is along the Gulf of Guinea. The country's population was 15,366,672 in 1998 and was estimated to be...
, Benin
Benin
Benin , officially the Republic of Benin, is a country in West Africa. It borders Togo to the west, Nigeria to the east and Burkina Faso and Niger to the north. Its small southern coastline on the Bight of Benin is where a majority of the population is located...
, Niger
Niger
Niger , officially named the Republic of Niger, is a landlocked country in Western Africa, named after the Niger River. It borders Nigeria and Benin to the south, Burkina Faso and Mali to the west, Algeria and Libya to the north and Chad to the east...
, Burkina Faso
Burkina Faso
Burkina Faso – also known by its short-form name Burkina – is a landlocked country in west Africa. It is surrounded by six countries: Mali to the north, Niger to the east, Benin to the southeast, Togo and Ghana to the south, and Côte d'Ivoire to the southwest.Its size is with an estimated...
, Mali
Mali
Mali , officially the Republic of Mali , is a landlocked country in Western Africa. Mali borders Algeria on the north, Niger on the east, Burkina Faso and the Côte d'Ivoire on the south, Guinea on the south-west, and Senegal and Mauritania on the west. Its size is just over 1,240,000 km² with...
, Togo
Togo
Togo, officially the Togolese Republic , is a country in West Africa bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, on which the capital Lomé is located. Togo covers an area of approximately with a population of approximately...
, Senegal
Senegal
Senegal , officially the Republic of Senegal , is a country in western Africa. It owes its name to the Sénégal River that borders it to the east and north...
and Cameroon
Cameroon
Cameroon, officially the Republic of Cameroon , is a country in west Central Africa. It is bordered by Nigeria to the west; Chad to the northeast; the Central African Republic to the east; and Equatorial Guinea, Gabon, and the Republic of the Congo to the south. Cameroon's coastline lies on the...
.
Overview
The Group is a large financial services provider in West AfricaWest Africa
West Africa or Western Africa is the westernmost region of the African continent. Geopolitically, the UN definition of Western Africa includes the following 16 countries and an area of approximately 5 million square km:-Flags of West Africa:...
and Central Africa
Central Africa
Central Africa is a core region of the African continent which includes Burundi, the Central African Republic, Chad, the Democratic Republic of the Congo, and Rwanda....
, with emphasis on retail banking, but offering a full range of financial products. The group maintains in excess of one hundred fifty (150) branches in the eight (8) countries that it serves. The Group's shareholder's equity is in excess of US$122 million, as of October 2010.
History
The first bank that the group established was Atlantic Bank Cote d'Ivoire (Banque Atlantique Cote d'Ivoire) (BACI), which was founded in 1978. In 1997, the Group acquired the assets of Barclays Bank in Cote d'Ivoire, keeping the new acquisition separate, but renaming it COBACI. In 2001, the Group created a joint stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
with the symbol SGI. In 2005, SGI became Atlantic Financial Group, the holding company of the Atlantic Bank Group. In 2004, a new subsidiary under the name GIE was established to handle the Group's computing and information technology needs. In 2007, GIE rebranded as Atlantic Technology SA.
Starting in 2006, the Group started a regional expansion drive by the opening of Atlantic Bank Benin that year. The next year, Atlantic Bank Niger, Atlantic Bank Burkina Faso, Atlantic Bank Mali and Atlantic Bank Togo were established. Since then Atlantic Bank Senegal (2007) and Atlantic Bank Cameroon (2009) were established. Also in 2009, COBACI was merged with Atlantic Bank Cote d'Ivoire (BACI).
Group members
The holding company for the group is Atlantic Financial Group, based in LomeLomé
Lomé, with an estimated population of 737,751, is the capital and largest city of Togo. Located on the Gulf of Guinea, Lomé is the country's administrative and industrial center and its chief port. The city exports coffee, cocoa, copra, and palm kernels...
, Togo
Togo
Togo, officially the Togolese Republic , is a country in West Africa bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, on which the capital Lomé is located. Togo covers an area of approximately with a population of approximately...
. The member companies of the Atlantic Bank Group include the following:
- Atlantic Bank Cote d'Ivoire - AbidjanAbidjanAbidjan is the economic and former official capital of Côte d'Ivoire, while the current capital is Yamoussoukro. it was the largest city in the nation and the third-largest French-speaking city in the world, after Paris, and Kinshasa but before Montreal...
, Cote d'IvoireCôte d'IvoireThe Republic of Côte d'Ivoire or Ivory Coast is a country in West Africa. It has an area of , and borders the countries Liberia, Guinea, Mali, Burkina Faso and Ghana; its southern boundary is along the Gulf of Guinea. The country's population was 15,366,672 in 1998 and was estimated to be...
- Atlantic Bank Benin - CotonouCotonou-Demographics:*1979: 320,348 *1992: 536,827 *2002: 665,100 *2005: 690,584 The main languages spoken in Cotonou include the Fon language, Aja language, Yoruba language and French.-Transport:...
, BeninBeninBenin , officially the Republic of Benin, is a country in West Africa. It borders Togo to the west, Nigeria to the east and Burkina Faso and Niger to the north. Its small southern coastline on the Bight of Benin is where a majority of the population is located...
- Atlantic Bank Niger - NiameyNiamey-Population:While Niamey's population has grown steadily since independence, the droughts of the early 1970s and 1980s, along with the economic crisis of the early 1980s, have propelled an exodus of rural inhabitants to Niger's largest city...
, NigerNigerNiger , officially named the Republic of Niger, is a landlocked country in Western Africa, named after the Niger River. It borders Nigeria and Benin to the south, Burkina Faso and Mali to the west, Algeria and Libya to the north and Chad to the east...
- Atlantic Bank Burkina Faso - OuagadougouOuagadougouOuagadougou is the capital of Burkina Faso and the administrative, communications, cultural and economic center of the nation. It is also the country's largest city, with a population of 1,475,223 . The city's name is often shortened to Ouaga. The inhabitants are called ouagalais...
, Burkina FasoBurkina FasoBurkina Faso – also known by its short-form name Burkina – is a landlocked country in west Africa. It is surrounded by six countries: Mali to the north, Niger to the east, Benin to the southeast, Togo and Ghana to the south, and Côte d'Ivoire to the southwest.Its size is with an estimated...
- Atlantic Bank Mali - BamakoBamakoBamako is the capital of Mali and its largest city with a population of 1.8 million . Currently, it is estimated to be the fastest growing city in Africa and sixth fastest in the world...
, MaliMaliMali , officially the Republic of Mali , is a landlocked country in Western Africa. Mali borders Algeria on the north, Niger on the east, Burkina Faso and the Côte d'Ivoire on the south, Guinea on the south-west, and Senegal and Mauritania on the west. Its size is just over 1,240,000 km² with...
- Atlantic Bank Togo - LomeLoméLomé, with an estimated population of 737,751, is the capital and largest city of Togo. Located on the Gulf of Guinea, Lomé is the country's administrative and industrial center and its chief port. The city exports coffee, cocoa, copra, and palm kernels...
, TogoTogoTogo, officially the Togolese Republic , is a country in West Africa bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, on which the capital Lomé is located. Togo covers an area of approximately with a population of approximately...
- Atlantic Bank Senegal - DakarDakarDakar is the capital city and largest city of Senegal. It is located on the Cap-Vert Peninsula on the Atlantic coast and is the westernmost city on the African mainland...
, SenegalSenegalSenegal , officially the Republic of Senegal , is a country in western Africa. It owes its name to the Sénégal River that borders it to the east and north...
- Atlantic Bank Cameroon - DoualaDoualaDouala is the largest city in Cameroon and the capital of Cameroon's Littoral Province. Home to Cameroon's largest port and its major international airport, Douala International Airport, it is the commercial capital of the country...
, CameroonCameroonCameroon, officially the Republic of Cameroon , is a country in west Central Africa. It is bordered by Nigeria to the west; Chad to the northeast; the Central African Republic to the east; and Equatorial Guinea, Gabon, and the Republic of the Congo to the south. Cameroon's coastline lies on the...
- Atlantic Technology SA - LomeLoméLomé, with an estimated population of 737,751, is the capital and largest city of Togo. Located on the Gulf of Guinea, Lomé is the country's administrative and industrial center and its chief port. The city exports coffee, cocoa, copra, and palm kernels...
, TogoTogoTogo, officially the Togolese Republic , is a country in West Africa bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, on which the capital Lomé is located. Togo covers an area of approximately with a population of approximately...
- Atlantic Finance - LomeLoméLomé, with an estimated population of 737,751, is the capital and largest city of Togo. Located on the Gulf of Guinea, Lomé is the country's administrative and industrial center and its chief port. The city exports coffee, cocoa, copra, and palm kernels...
, TogoTogoTogo, officially the Togolese Republic , is a country in West Africa bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, on which the capital Lomé is located. Togo covers an area of approximately with a population of approximately...
- A management and financial intermediation company - Cash Money Worldwide - LomeLoméLomé, with an estimated population of 737,751, is the capital and largest city of Togo. Located on the Gulf of Guinea, Lomé is the country's administrative and industrial center and its chief port. The city exports coffee, cocoa, copra, and palm kernels...
, TogoTogoTogo, officially the Togolese Republic , is a country in West Africa bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, on which the capital Lomé is located. Togo covers an area of approximately with a population of approximately...
- A funds transfer company - Atlantic Bank France - ParisParisParis is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...
, FranceFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
- The Group maintains a representative office in Paris, France.
See also
- List of banks in Togo
- List of banks in Africa
- Central Bank of West African StatesCentral Bank of West African StatesThe Central Bank of West African States is a central bank serving the eight west African countries which comprise the West African Economic and Monetary Union:*Benin*Burkina Faso*Cote d'Ivoire*Guinea Bissau*Mali*Niger*Senegal*Togo-See also:...
- Central Bank of Central African States
- Economy of TogoEconomy of TogoThe economy of Togo is refers to the economic activity of the West African nation of Togo.-Agriculture:Subsistence agriculture is the main economic activity in Togo; the majority of the population depends on subsistence agriculture. Food and cash crop production employs the majority of the labor...