It is now official, the Moroccan investment bank CFG Bank announced to have successfully closed a capital increase of 300 million dirhams (32 million dollars) which allowed the entry into its capital of the two pan-African companies of capital -investment, Africinvest and Amethis.
The operation will increase the bank’s equity to 700 million dirhams (74.86 million dollars). It follows a capital increase of 300 million dirhams in 2016 that was used to accelerate the development of the bank.
Africinvest is a well-known private equity player in Africa with € 1 billion in assets under management. For its part, Amethis is a fund manager dedicated to the African continent. It was created by two former directors of Proparco in partnership with the Edmond de Rothschild Group.
Transformed in 2012, CFG was transformed into a universal bank by focusing on Premium customers, and in 2015, launched its commercial banking activities. CFG now has 13 branches in its network with more than 5,000 customers.
