THE leading Gabonese bank, in terms of customer base, Atlantic Financial group, has just been taken over by the Ivorian group Atlantic Financial Group (AFG CEA).

The Development Bank of Central African States (BDEAC) announced in a press release that it had signed a loan agreement of 21.4 billion francs with the AFG CEA group in order to support the expansion of its activities in Central Africa and, in particular, in Gabon. This financing will enable AFG CEA to become the majority shareholder of Bicig with a 52% stake in its shareholding. In addition, they will be used to strengthen the capacities of Bicig with, in particular, the acquisition of IT infrastructure and software necessary for the installation of a new core banking and the financing of the development of digital solutions in favor of the Bicig customers.