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Support for Gabonese economy: FSA guarantees Orabank Gabon to FCFA 41.2 billion

21/09/2021
Categories: Companies

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Thanks to the African Solidarity Fund (FSA), Orabank Gabon benefits from 41.2 billion FCFA for the benefit of local SMEs. This fund will enable the Oragroup subsidiary to support the Gabonese economy.

Orabank Gabon recently signed in Niamey, Niger, a guarantee agreement worth 41.2 billion CFA francs with the FSA. This agreement formalizes the agreement given by the FSA to act as an independent guarantor of Orabank Gabon for a maximum amount of 41.2 billion CFA francs. It materializes the intervention as a guarantee in favor of Orabank Gabon in order to enable it to comply mainly with the regulatory banking system of Central Africa, in particular the risk division ratio of Orabank Gabon, with a significant weighting. , said the director general of the FSA. The main mission of the FSA is to facilitate for States and public and private companies in its area of intervention, access to loans intended to finance productive investment projects and the mobilization of local and external savings, in particular by loan guarantee interventions on the financial markets.

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