The operation will take the form of a partial contribution of assets from the Ivorian branch of NSIA Banque Bénin (formerly Diamond Bank SA). It is subject to the legal regime of the division, in accordance with article 195 of the OHADA Uniform Act relating to the law of Commercial Companies and the GIE (AUSCGIE), and will lead NSIA Banque Bénin to transmit net assets of 6,427,171,508 F CFA to NSIA Banque Côte d'Ivoire, based on accounts as at

1,564,572 shares of NSIA Banque CI, with a nominal value of 1,000 CFA francs each, will be created and distributed among the shareholders of NSIA Banque Bénin, the transferring company.

The issuance of new shares will be managed by NSIA Finance, a management and intermediation company of the NSIA Group.

“This operation, which has been announced on the market since 2019, has obtained authorization from CREPMF. The consequence for NSIA Banque CI is an increase in share capital. The new shares that are created will be listed on the BRVM. ” specified Ms. Eliane ALANGBA, Deputy CEO of

The operation had previously received the favorable opinion of the Banking Commission on 27 March 2020 as well as the approval of the Ministry of Economy and Finances of Benin on 29 May 2020.

The Boards of Directors of NSIA Banque Bénin and NSIA Banque CI, meeting on 14 June 2019, approved the draft partial asset transfer treaty that was submitted to them.

This treaty was revised during the meeting of the Bank's Board of Directors on 19 October 2020, based on figures adopted as at 31 December 2019.

The effective date of the transaction was set for January 1, 2020. The Extraordinary General Assembly, meeting on November 9, 2020, approved the terms of the operation

Mr. Léonce YACE, CEO of NSIA Banque CI, welcomed this significant progress in the recovery process: “”

On the commercial side, the next deadlines will consist in allocating new account numbers and payment methods to customers from Diamond Bank CI with an indication of destination bank branches. More information will be provided to customers in due course. A communication campaign with the signature “With NSIA Banque, let's see bigger in 2021” will materialize the ambitions of the Ivorian bank for the coming years, as contained in the

The completion of this external growth operation demonstrates the constant desire of the NSIA Group to become a major banking player on the African continent.

A subsidiary of the Pan-African NSIA Group, present in 12 countries and a leader in Insurance and Banking, NSIA Banque CI is part of the banking division of this group with 3 banks and 3 branches in West Africa. Listed on the Regional Stock Exchange (BRVM), it now has more than 80 points of sale in Côte d'Ivoire, has a fleet of more than 120 vending machines, as well as a representative office in Paris (France) dedicated to the diaspora. Since then, it has positioned itself as the preferred partner for Individuals and Businesses. It contributes significantly to the development of the Ivorian economy through the financing of several projects; this earned it a second prize of excellence in 2018, that of “Best Institution in the Financial Sector”, awarded by the State of Côte d'Ivoire, in the category “Field of Economic and Financial Management”. It has nearly 1,000 employees.

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