Antananarivo, MADAGASCAR – December 27, 2022. This Wednesday, December 21, 2022, BGFIBank Madagascar held its Extraordinary General Meeting of shareholders to approve the operation to increase the bank’s share capital. This decision to strengthen its own funds to the tune of forty-two billion (42,000,000,000) Ariary, i.e. more than 8.9 million euros, is motivated by the desire of the bank’s shareholders to accelerate the achievement of his new plan strategic.
More than ever determined to hoist BGFIBank on the Big Island, the BGFIBank Group has mobilized all of its resources to support the bank in this new momentum. This commitment of the BGFIBank Group to support the growth of the bank will allow BGFIBank Madagascar to continue its involvement in the financing of the Malagasy economy. Firmly rooted for 13 years in the Malagasy territory and with its 200 employees, BGFIBank Madagascar is more than ever determined to offer its Clientele solutions adapted to the needs of Large Companies, SMEs / SMIs, Professionals and Parties.
Positioning the Customer at the heart of its commercial strategy, BGFIBank Madagascar has recently modernized its fleet of Automatic Teller Machines (ATMs) by installing new generation so-called “intelligent” ATMs throughout its branch network. These new machines, beyond the “money withdrawal” functionality will soon be offering other services such as check deposits and cash payments. In addition, new digital offers made up of innovative and secure services are in the pipeline: the BGFICash Management remote banking services platform, the Electronic Payment Terminal (TPE), the BGFIMobile mobile payment solution, Visa Classic and Visa cards. Prepaid which will complete the range of existing maps.
“After a year 2022 in which we demonstrated our capacity for resilience, 2023 will mark the return to a solid trajectory of sustainable growth, confirming the diversified development strategy of our 3 business lines: Corporate Finance Banking, Professional and Business Banking. Individuals, Private Banking and Management of Assets”, declares the Managing Director of BGFIBank Madagascar, Mr. Hermann ALLOGHO.
About BGFIBank Group
The BGFIBank Group is a multi-business International Financial Group that combines financial solidity, sustainable growth strategy and risk management, with the ambition to be the benchmark bank in its markets in terms of quality of service. Faithful to its values of Work, Integrity, Transparency, Responsibility and Team Spirit, the Group places quality of service at the heart of its business. It supports its individual, corporate and institutional clients in a lasting relationship, with a wide range of products and services. The BGFIBank Group is constantly enriching its offer by relying in particular on the expertise of its partners, thus opening up to new areas. 2,441 employees in twelve countries provide daily support to a diversified clientele in Benin, Cameroon, the Central African Republic, Congo, Côte d’Ivoire, France, Gabon, Equatorial Guinea, Madagascar, the Democratic Republic of Congo, Sao Tome and Principe and Senegal.
