Orabank to Close Four Branches in Togo From February 2026

Banking

Thursday, 08 January 2026 19:13

Orabank to Close Four Branches in Togo From February 2026

Orabank will shut four branches in Togo on February 28, 2026.
The closures follow earlier branch shutdowns in 2023 and 2025 amid restructuring.
Oragroup posted a record profit of CFA18.3 billion in the first half of 2025.

In Togo, Orabank will close four branches as part of a new round of network rationalisation, according to statements published by the Togolese subsidiary of pan-African banking group Oragroup.

Orabank said branches located in Assahoun, Mango, Kégué and on Boulevard des Armées in Lomé will cease operations from February 28, 2026. The bank disclosed the information through official notices seen by Togo First.

This move does not mark the first branch reduction by the lender. In March 2025, Orabank closed two agencies in Lomé and Sotouboua, following several shutdowns already carried out in 2023.

However, the bank did not provide specific details this time regarding the reasons behind the decision. By contrast, in 2023, Orabank said it implemented similar measures as part of a broader restructuring plan.

At the same time, market observers continue to recall that, according to information reported by Togo First in 2022, Oragroup was engaged in a takeover process, with Burkina Faso–based Vista Bank identified as a potential buyer.

As the latest closures approach at the end of February, public attention remains focused on the bank’s strategy, amid persistent questions over its longer-term positioning in Togo.

Meanwhile, Oragroup reported a record profit of CFA18.3 billion for the first half of 2025, underscoring solid financial performance despite the ongoing reduction of its physical network.

This article was initially published in French by Esaïe Edoh

Adapted in English by Ange Jason Quenum

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