Launched in 2016, the headquarters of the Sino-Congolese Bank for Africa (BSCA) was inaugurated with great fanfare on April 10 in Brazzaville in the presence of Congolese President Denis Sassou N’Guesso. The last born of the local banking landscape, BSCA, which started its activities in mid-2015, is the symbol of the close relations between the Middle Kingdom and the Congo.
Owned at 50% by the Agricultural Bank of China (ABC), the establishment aims to make Congo the basis of its influence in Africa. “This building is in line with BSCA Bank’s long-term development strategy. Indeed, today, this building houses the headquarters of the Bank for Congo, tomorrow it will house the headquarters of the Bank for the CEMAC zone, and the day after tomorrow for all Africa, “said Rigobert Roger Andely, the chairman of the board of directors.
First profit and capital increase
An ambition that is reflected in the results. In two fiscal years, BSCA welcomes a net profit of 1.7 billion FCFA at the end of 2017, or 2.7 million euros, while the business plan provided “the first profits for 2018”.
In addition, in order to strengthen its capacity, the capital of CFAF 50 billion, or € 76.2 million, will increase by CFAF 20 billion (€ 30.5 million) by the end of the year. year according to Roger Andely.
Present in Brazzaville and Pointe Noire, the BSCA which wants to be a “commercial bank of proximity” intends moreover to accelerate its mesh of the national territory.
In addition to the ABC Chinese Bank, the capital is divided between the Congolese State, 12%, the SNPC (national oil company of the Congo), 15%, a collective of private shareholders Congolese and French, 21.5%, and the Magminerals potash company, 1.5%.
