Banking Regulation in Côte d’Ivoire
Souleymane DIARRASSOUBA, President of APBEF-CI talks about the need for new type of regulations in the Ivorian banking sector.
imported 2024-03-17 17:43:07
Souleymane DIARRASSOUBA, President of APBEF-CI talks about the need for new type of regulations in the Ivorian banking sector.
BIAO’s estimates calculate that the country’s losses reach around 1.4 billion euros. The banking sector was also severely hit by the crisis and suffered losses of about 114 million euros. Of course, these losses occurred in many different ways.
The banking market in Côte d’Ivoire is completely different from the European markets. For example, the banking services penetration rate in Côte d’Ivoire is around 8%, which is considerably less than the 100% penetrating rate in Europe.
BIAO is an Ivoirian bank that belongs to NSIA group, an African financial group operating in many countries.
Batelco received the Award for Companies Holding ISO Certificates.
Thierry Papillion, General Manager of Alios Finance
Alios Finance is complimentary to the banks and provides services to SMBs, which often say that banks are their nightmare. Alios Finance is close to its clients and works only in half of the banking field. Alios Finance is considered as a precursor to leasing because it started leasing in 1976.
Souleymane Diarrassouba, Chief Executive Officer of Banque Atlantique
Banque Atlantique Côte d’Ivoire is the oldest entity of the Atlantic Financial Group; it was founded in 1978. In the end of 2008, Banque Atlantique Côte d’Ivoire became third on the market. Currently, it is the second.
Souleymane Diarrassouba, President of APBEF-CI
Banks in Côte d’Ivoire were not spared from the effect of the post-electoral crisis; for the first time in Côte d’Ivoire history they had actually suspended their activities.
Philippe Attobra, Managing Director of BIAO-CI
BIAO is a Côte d’Ivoire bank which belongs to NSIA Group and it is one of the oldest banks in Côte d’Ivoire. BIAO has 40 subsidiaries in Côte d’Ivoire and over 500 agents. BIAO has the abilities of answering the needs and demands of big companies, SME’s and individuals.
Jean Paul Gillet, General Manager of the BRVM (Bourse Régionale des Valeurs Mobilières)
The Bourse Régionale des Valeurs Mobilières (BRVM) covers eight countries of the UEMOA Union. The Bourse Régionale des Valeurs Mobilières is a young entity established in 1996. Up to now, the Bourse Régionale des Valeurs Mobilières has successfully positioned itself as an exchange that “has its word” in the African continent.