BGFIBank Group
Encyclopedia
BGFIBank Group, whose full name is BGFIBank Group S.A., is a financial services organization headquartered in Gabon
. The group has subsidiaries in seven (7) countries including Gabon
, Benin
, Republic of the Congo
, Democratic Republic of the Congo
, Equatorial Guinea
, Madagascar
and France
.
in Central
, West
and East
Africa, with subsidiaries in seven (7) countries. The member institutions serve both individuals and businesses, with emphasis on small-to-medium enterprises (SMEs). As of December 2009, the Group's assets were in excess of US$1.8 billion (Euro:1.3 billion). In January 2010, BGFIBank Group was rated the second-largest bank group in Central Africa
, by assets.
ese investors, BNP Paribas
and the Netherlands
.
The Group's first subsidiary was set up in 1987 under the name FIGADIM and was later renamed BGFIBail. In 1996, when Gabonese private investors acquired majority shareholding in the bank, it rebranded as the International Gabonese and French Bank known in French
, as “Banque Gabonaise et Française Internationale” (BGFI). The Group's second subsidiary, Financiere Transafricaine (Finatra), was established in 1997.
In 2000, the bank rebranded to BGFIBank S.A., which is its current name. During the next ten (10) years, the group has pursued an aggressive expansion policy by opening a subsidiary in Republic of the Congo
in 2000, Equatorial Guinea
in 2001, France
in 2007, Madagascar
in 2010, Benin
in 2010 and Democratic Republic of the Congo
in 2010. During the same decade a plethora of non-bank financial subsidiaries were set up by the group, the majority being located in Gabon
.
Commercial Banks
Other Financial Services Companies
{| style="font-size:100%;"
|-
| width="100%" align="center" | BGFIBank Group Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Private Investors||32.50
|-
|2||Gabon Development Bank||10.00
|-
|3||Delta Synergie ||09.01
|-
|4||Financiére des Vosges ||05.00
|-
|5||Compagnie du Komo||25.01
|-
|6||Carlo Tassara Asset Management||09.50
|-
|7||BGFIBank Employees||08.98
|-
| ||Total||100.00
|-
|}
is Patrice Otha. The Chief Executive Officer
of the Group is Henri-Claude Oyima.
Gabon
Gabon , officially the Gabonese Republic is a state in west central Africa sharing borders with Equatorial Guinea to the northwest, Cameroon to the north, and with the Republic of the Congo curving around the east and south. The Gulf of Guinea, an arm of the Atlantic Ocean is to the west...
. The group has subsidiaries in seven (7) countries including Gabon
Gabon
Gabon , officially the Gabonese Republic is a state in west central Africa sharing borders with Equatorial Guinea to the northwest, Cameroon to the north, and with the Republic of the Congo curving around the east and south. The Gulf of Guinea, an arm of the Atlantic Ocean is to the west...
, 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...
, Republic of the Congo
Republic of the Congo
The Republic of the Congo , sometimes known locally as Congo-Brazzaville, is a state in Central Africa. It is bordered by Gabon, Cameroon, the Central African Republic, the Democratic Republic of the Congo , the Angolan exclave province of Cabinda, and the Gulf of Guinea.The region was dominated by...
, Democratic Republic of the Congo
Democratic Republic of the Congo
The Democratic Republic of the Congo is a state located in Central Africa. It is the second largest country in Africa by area and the eleventh largest in the world...
, Equatorial Guinea
Equatorial Guinea
Equatorial Guinea, officially the Republic of Equatorial Guinea where the capital Malabo is situated.Annobón is the southernmost island of Equatorial Guinea and is situated just south of the equator. Bioko island is the northernmost point of Equatorial Guinea. Between the two islands and to the...
, Madagascar
Madagascar
The Republic of Madagascar is an island country located in the Indian Ocean off the southeastern coast of Africa...
and France
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...
.
Overview
BGFIBank Group is a large financial services conglomerateConglomerate (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...
in Central
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....
, West
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:...
and East
East Africa
East Africa or Eastern Africa is the easterly region of the African continent, variably defined by geography or geopolitics. In the UN scheme of geographic regions, 19 territories constitute Eastern Africa:...
Africa, with subsidiaries in seven (7) countries. The member institutions serve both individuals and businesses, with emphasis on small-to-medium enterprises (SMEs). As of December 2009, the Group's assets were in excess of US$1.8 billion (Euro:1.3 billion). In January 2010, BGFIBank Group was rated the second-largest bank group in 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....
, by assets.
History
In 1971, the Group started with one institution in Gabon called Bank of Paris and the Netherlands Gabon. That first bank was a joint venture between several private GabonGabon
Gabon , officially the Gabonese Republic is a state in west central Africa sharing borders with Equatorial Guinea to the northwest, Cameroon to the north, and with the Republic of the Congo curving around the east and south. The Gulf of Guinea, an arm of the Atlantic Ocean is to the west...
ese investors, BNP Paribas
BNP Paribas
BNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...
and the Netherlands
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
.
The Group's first subsidiary was set up in 1987 under the name FIGADIM and was later renamed BGFIBail. In 1996, when Gabonese private investors acquired majority shareholding in the bank, it rebranded as the International Gabonese and French Bank known in French
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...
, as “Banque Gabonaise et Française Internationale” (BGFI). The Group's second subsidiary, Financiere Transafricaine (Finatra), was established in 1997.
In 2000, the bank rebranded to BGFIBank S.A., which is its current name. During the next ten (10) years, the group has pursued an aggressive expansion policy by opening a subsidiary in Republic of the Congo
Republic of the Congo
The Republic of the Congo , sometimes known locally as Congo-Brazzaville, is a state in Central Africa. It is bordered by Gabon, Cameroon, the Central African Republic, the Democratic Republic of the Congo , the Angolan exclave province of Cabinda, and the Gulf of Guinea.The region was dominated by...
in 2000, Equatorial Guinea
Equatorial Guinea
Equatorial Guinea, officially the Republic of Equatorial Guinea where the capital Malabo is situated.Annobón is the southernmost island of Equatorial Guinea and is situated just south of the equator. Bioko island is the northernmost point of Equatorial Guinea. Between the two islands and to the...
in 2001, France
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...
in 2007, Madagascar
Madagascar
The Republic of Madagascar is an island country located in the Indian Ocean off the southeastern coast of Africa...
in 2010, 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...
in 2010 and Democratic Republic of the Congo
Democratic Republic of the Congo
The Democratic Republic of the Congo is a state located in Central Africa. It is the second largest country in Africa by area and the eleventh largest in the world...
in 2010. During the same decade a plethora of non-bank financial subsidiaries were set up by the group, the majority being located in Gabon
Gabon
Gabon , officially the Gabonese Republic is a state in west central Africa sharing borders with Equatorial Guinea to the northwest, Cameroon to the north, and with the Republic of the Congo curving around the east and south. The Gulf of Guinea, an arm of the Atlantic Ocean is to the west...
.
Member Companies
The companies that comprise of the BGFIBank Group include, but are not limited to the following:Commercial Banks
- BGFIBank Gabon -
GabonGabonGabon , officially the Gabonese Republic is a state in west central Africa sharing borders with Equatorial Guinea to the northwest, Cameroon to the north, and with the Republic of the Congo curving around the east and south. The Gulf of Guinea, an arm of the Atlantic Ocean is to the west... - BGFIBank Guinea -
Equatorial GuineaEquatorial GuineaEquatorial Guinea, officially the Republic of Equatorial Guinea where the capital Malabo is situated.Annobón is the southernmost island of Equatorial Guinea and is situated just south of the equator. Bioko island is the northernmost point of Equatorial Guinea. Between the two islands and to the... - BGFIBank International -
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... - BGFIBank Congo -
Republic of Congo - BGFIBank Madagascar -
MadagascarMadagascarThe Republic of Madagascar is an island country located in the Indian Ocean off the southeastern coast of Africa... - BGFIBank Benin -
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... - BGFIBank DRC -
Democratic Republic of the CongoDemocratic Republic of the CongoThe Democratic Republic of the Congo is a state located in Central Africa. It is the second largest country in Africa by area and the eleventh largest in the world...
Other Financial Services Companies
- BGFI Immo - Real estate business - - GabonGabonGabon , officially the Gabonese Republic is a state in west central Africa sharing borders with Equatorial Guinea to the northwest, Cameroon to the north, and with the Republic of the Congo curving around the east and south. The Gulf of Guinea, an arm of the Atlantic Ocean is to the west...
- BGFI Asset Management - Portfolio management - - GabonGabonGabon , officially the Gabonese Republic is a state in west central Africa sharing borders with Equatorial Guinea to the northwest, Cameroon to the north, and with the Republic of the Congo curving around the east and south. The Gulf of Guinea, an arm of the Atlantic Ocean is to the west...
- BGFIBail - Leasing - - GabonGabonGabon , officially the Gabonese Republic is a state in west central Africa sharing borders with Equatorial Guinea to the northwest, Cameroon to the north, and with the Republic of the Congo curving around the east and south. The Gulf of Guinea, an arm of the Atlantic Ocean is to the west...
- BGFIBourse - Financial engineering, stockbroking and consultancy - GabonGabonGabon , officially the Gabonese Republic is a state in west central Africa sharing borders with Equatorial Guinea to the northwest, Cameroon to the north, and with the Republic of the Congo curving around the east and south. The Gulf of Guinea, an arm of the Atlantic Ocean is to the west...
- Finatra - Consumer credit - - GabonGabonGabon , officially the Gabonese Republic is a state in west central Africa sharing borders with Equatorial Guinea to the northwest, Cameroon to the north, and with the Republic of the Congo curving around the east and south. The Gulf of Guinea, an arm of the Atlantic Ocean is to the west...
- BGFICash - Funds transfer - - GabonGabonGabon , officially the Gabonese Republic is a state in west central Africa sharing borders with Equatorial Guinea to the northwest, Cameroon to the north, and with the Republic of the Congo curving around the east and south. The Gulf of Guinea, an arm of the Atlantic Ocean is to the west...
- BGFIFactor - Factoring - - GabonGabonGabon , officially the Gabonese Republic is a state in west central Africa sharing borders with Equatorial Guinea to the northwest, Cameroon to the north, and with the Republic of the Congo curving around the east and south. The Gulf of Guinea, an arm of the Atlantic Ocean is to the west...
- LOXIA Emf - Microfinance - - GabonGabonGabon , officially the Gabonese Republic is a state in west central Africa sharing borders with Equatorial Guinea to the northwest, Cameroon to the north, and with the Republic of the Congo curving around the east and south. The Gulf of Guinea, an arm of the Atlantic Ocean is to the west...
- Socofin - Leasing and Consumer credit Republic of the CongoRepublic of the CongoThe Republic of the Congo , sometimes known locally as Congo-Brazzaville, is a state in Central Africa. It is bordered by Gabon, Cameroon, the Central African Republic, the Democratic Republic of the Congo , the Angolan exclave province of Cabinda, and the Gulf of Guinea.The region was dominated by...
Ownership
Shareholding in the Group's stock is private, although dynamic. New investors can buy in, while existing investors have the opportunity to divest. However, the Group's stock is not listed on any publicly traded exchange. The detailed shareholding in BGFIBank Group is illustrated in the table below:{| style="font-size:100%;"
|-
| width="100%" align="center" | BGFIBank Group Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Private Investors||32.50
|-
|2||Gabon Development Bank||10.00
|-
|3||Delta Synergie ||09.01
|-
|4||Financiére des Vosges ||05.00
|-
|5||Compagnie du Komo||25.01
|-
|6||Carlo Tassara Asset Management||09.50
|-
|7||BGFIBank Employees||08.98
|-
| ||Total||100.00
|-
|}
Governance
The Chairman of the eleven (11) member Board of DirectorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
is Patrice Otha. The Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of the Group is Henri-Claude Oyima.
External links
- Website of BGFIBank Group (French) & (English)
- Website of Central Bank of Central African States (French)
- Company Profile At Afdevinfo.com
See also
- List of banks in Gabon
- List of banks in Africa
- Central Bank of Central African States