Approved on December 16, 2019 by the Central Bank of West African States (BCEAO), the Togolese branch of the Development Bank of Mali (BDM-SA) opens its counters this Thursday, November 4 in Lomé, according to a management press release.
Togo is the bank’s sixth market after Mali, Guinea Bissau, Cote d’Ivoire, Burkina Faso and Senegal (where it obtained approval in December 2019 for the opening of a branch). BDM-Togo also becomes the 14th bank operating in Lomé.
Beyond Senegal and Togo, BDM intends, in the short term, to complete coverage of the entire UEMOA economic zone with establishments in Benin and Niger.
