The Bank of Central African States (BEAC) announced, in a press release dated May 26, 2021 and published on its website on the 28th, that the securities of “La Régionale d’épargne et de crédit” are officially admitted to CEMAC’s single central depository (DCU) operations from May 20, for a total amount issued of CFAF 2.588 billion (nearly USD 5 million).
This amount represents 61,630 shares, according to the issuing institute, which is also the sole central depository of securities of the Economic and Monetary Community of Central Africa (CEMAC).
The announcement, according to the press release signed by Dieudonné Evou Mekou, vice-governor of the BEAC, follows “the conclusive examination of the admission file submitted by the consortium of placing organizations” which are “Afriland Bourse & Investissement, BGFI Bourse, CBT Bourse, CBC Bourse and Société Générale Capital Securities Central Africa ”.
As a reminder, the Regional Savings and Credit has started a process to become a bank. The microfinance institution based in Cameroon – and present in Gabon since 2016 – launched in February 2021, a public share sale operation (OPV) with a view to increasing the capital from 8.04 billion FCFA to more than 15 billion for its transformation.
As of December 31, 2020, the company has net equity of around 10 billion FCFA (approximately 18.5 million USD), with a result of 1.5 billion FCFA (approximately 2.8 million USD) at the end of exercise.
