Abidjan, August 16, 2022 – The Orabank group announces that its subsidiary Oragroup Securities has obtained approval as a Management and Intermediation Company (SGI).
The approval was granted by the Regional Council for Public Savings and Financial Markets (CREPMF) in its decision No. CREPMF/2022/119 of August 5, 2022.
Oragroup Securities has a capital of 2.5 billion FCFA and its head office is in Abidjan, Côte d’Ivoire. Backed by an ambitious development plan, Oragroup Securities plans to work in perfect synergy with all the subsidiaries of the Orabank group in order to offer a new quality of service experience to its clients in the public and private sectors.
This new subsidiary of the Orabank group also reflects the Group’s asserted strategy to accentuate its positioning on the regional financial market of the WAMU with innovative and diversified products.
Oragroup Securities anticipates an effective start of its activities in the coming months following the finalization of some regulatory and operational due diligence.
About the Orabank Group
The Orabank group is present in 12 West and Central African countries (Benin, Burkina Faso, Ivory Coast, Gabon, Guinea Conakry, Guinea Bissau, Mali, Mauritania, Niger, Senegal, Chad and Togo) and in four monetary zones (UEMOA, CEMAC, Guinea Conakry and Mauritania).
With 166 bank branches, a management and intermediation company (SGI) and 2,080 employees, the Orabank group offers more than 500,000 customers (large national and international companies, SMEs and individuals) a wide range of banking products and services. and financial according to the principles of proximity and responsiveness.
By targeting financial inclusion through the deployment of innovative solutions, the Orabank group also focuses on low-income segments of the population. This commitment is reflected in its CSR policy, an integral part of its strategy and priority for its management bodies, focused on energy transition, management of environmental and social risks, and the well-being of the public and its employees.