The Bourse Régionale des Valeurs Mobilières (BRVM) has admitted for the first time, on its bond market, a Common Fund for The Securitization of Receivables (FCTC) called "FCTC NSIA BANQUE 7% 2020-2025", this Friday, September 18, 2020.

It was in 2010 that, as part of the major reforms of the WAEMU Regional Financial Market, the Regional Council for Public Savings and Financial Markets (CREPMF) had the Council of Ministers adopt the texts relating to the creation of the mortgage market and securitization.

The listing for the first time of an FCTC at the BRVM today is therefore the culmination of this major reform. The Common Debt Securitization Fund "FCTC NSIA BANK 7% 2020-2025" has made it possible to mobilize 40 billion FCFA with the International Finance Corporation (IFC/IFC) as a reference investor.

The Director General of the BRVM, Dr. Edoh Kossi AMENOUNVE, praised, during this ceremony, the pioneering role of the NSIA Group and paid a heartfelt tribute to its President, Mr. Jean Kacou DIAGOU. "How can we not seize the opportunity of this ceremony to salute your leadership and your commitment to making the NSIA Group a major player in the development of the WAEMU Regional Financial Market and the popularization of stock market culture through its remarkable presence in several market segments?", did he wonder.

Then, he expressed the hope that the other national champions of our Union could follow this example and embrace all segments of the financial system to make it more dynamic for better financing of economies for the benefit of the populations. Dr AMENOUNVE did not fail to also salute the action of the International Finance Corporation (IFC/ IFC), Reference Investor of this operation, for its structuring role in the development of the Regional Financial Market and congratulate all stakeholders for the success of the operation.

At the end of the ceremony, Mr. Jean Kacou DIAGOU, Chairman of the NSIA Group, expressed his Group's pride in being the first bank to list an FCTC with the BRVM. He welcomed the confidence of investors especially the IFC, and promised that the NSIA Group will return to the market for other operations to strengthen its contribution to the development of Côte d'Ivoire and the sub-region.