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Senegal: Bridge Bank Group obtains authorization from the Banking Commission for an installation

23/04/2021
Source : ORISHAS FINANCE
Categories: General Information

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Bridge Bank Group Côte-d'Ivoire (Bbg-Ci) has obtained authorization from the Banking Commission of the West African Monetary Union (Umoa) for the installation in Senegal of a branch which will start its activities with an endowment in permanent resources set at 5,000 million.

The Umoa Banking Commission considers that the examination of the file shows that Bbg-Ci has the necessary resources for the opening of a branch in Senegal, in particular with regard to the level of its estimated core capital (T1) to 31,017 million at the end of June 2020, after deducting the allocation of 5,000 million.
According to the explanations of the Banking Commission, the opening of a Bbg-Ci branch in Senegal is part of the implementation of its 2020-2025 strategic plan. It is registered under number K 0236 W on the Umoa list of banks.

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