The Moroccan Bank of Foreign Trade (BMCE) is planning to launch new banking products at its Congolese subsidiary Banque Banco de Banque (LCB), in which the Moroccan group is the majority shareholder. The announcement was made by Brahim Benjelloun Touimi, director of BMCE Bank, Monday 5 February in Brazzaville, after a hearing with President Denis Sassou N’Guesso.
To the Congolese president, Brahim Benjelloun Touimi showcased the projects BMCE is considering in the country, particularly in the field of mobile banking and training since the LCB creates its own academy. “We want the LCB to be a bank rooted in the Congo, at the same time as it belongs to a wider, pan-African community since the BMCE Africa group is considered by the International Monetary Fund as one of the seven major groups. pan-African, “he said.
“We reaffirmed the support given by a shareholder and manager of a major bank in the Congolese landscape, reaffirmed our support and our commitment to continue to be present, as an actor and to mobilize human resources and knowledge -to do, in close collaboration with our Congolese partners including the State, in the interest of financial inclusion in the Congo “, said the administrator of the BMCE.
For the LCB, it will be question of extending its actions in order to contribute to the integration of the national informal sector through, inter alia, the establishment of a new range of electronic money products.
The Congo, like its oil-producing neighbors in Central Africa, is facing a difficult economic situation, marked notably by the fall in budget revenues.
