Versus Bank and the African Solidarity Fund (FSA) are joining forces to support the development of SMEs/SMIs in Côte d'Ivoire. On December 17, 2020 at the headquarters of the FSA, the two structures signed a framework partnership agreement.
Felicien Houessou
The relationship of trust between the FSA and VERSUS BANK Côte-d'Ivoire has just been strengthened by the signing of an operational partnership framework agreement which will allow VERSUS BANK to increase its level of intervention in order to respond effectively to the many requests from national champions. On the occasion, Ahmadou Abdoulaye Diallo, Director General of the FSA renewed his commitment to contribute significantly to the financing of the economy of Côte-d'Ivoire through the deployment of a large number of important projects.
The framework agreement is structured around the major points. These are the joint organization of a forum in Abidjan in 2021; the exchange of expertise between the two institutions and the deepening of operational collaboration in order to lead to a simplification of the procedures for examining files from VERSUS BANK within the FSA.
Recall that VERSUS BANK, leading bank in the financing of SMEs / SMIs in Côte d'Ivoire, and winner of the prize for the best banking institution for the financing of SMEs as part of the Awards of the 4th edition of the forum "Finance s engage (Fse 2019) plans to strengthen its support for these national champions, who represent on average 70% of its entire credit portfolio.
The main mission of the African Solidarity Fund is to participate in the economic development of its member states (14 in total) by facilitating the financing of investment projects through its various instruments of intervention, in particular the financial guarantee, the interest, refinancing with or without extending the term of loans and arranging financing.