Banking

Thursday 23 September, 2021
Togo: SOFEMEF has loaned CFA15 billion to local businesses since 2017
Banking

Togo: SOFEMEF has loaned CFA15 billion to local businesses since 2017

Société Générale de Micro et Méso finance or Sogemef said it has loaned over CFA15 billion to its customers in…
Monday 20 September, 2021
BCEAO has injected CFA610 billion into the Togolese economy since the month began
Banking

BCEAO has injected CFA610 billion into the Togolese economy since the month began

So far into the month, Togolese financial institutions asked and obtained CFA610 billion from the Central Bank of West African States…
Saturday 14 August, 2021
Togo: IB Holding buys majority stake in State-owned bank BTCI
Banking

Togo: IB Holding buys majority stake in State-owned bank BTCI

IB Holding, owned by construction mogul Mahamadou Bonkoungou, will get an 8.2% stake in the BTCI, one of Togo’s two…
Wednesday 9 June, 2021
Bank loans to non-residents rose 39% from 2019 to 2020
Banking

Bank loans to non-residents rose 39% from 2019 to 2020

Between 2019 and 2020, loans given to non-residents by banks in Togo swelled by CFA317 billion, from CFA800 billion to…
Thursday 22 April, 2021
Myriam Adotevi, MD Sunu Bank Togo: Our outstanding balance by more than 50% since SUNU Group took over
Banking

Myriam Adotevi, MD Sunu Bank Togo: Our outstanding balance by more than 50% since SUNU Group took over

Since it was taken over by Sunu Group in 2018, as it was in an impasse, the BPEC, now Sunu…
Tuesday 20 April, 2021
Banks postponed loan repayment deadline for nearly 438 businesses and about 1,500 individuals
Banking

Banks postponed loan repayment deadline for nearly 438 businesses and about 1,500 individuals

In Togo, banks have deferred the loan repayment of at least 438 businesses and 1,454 people, in line with the…
Thursday 15 April, 2021
Ecobank and Orabank hold 42% of Togo’s banking market share
Banking

Ecobank and Orabank hold 42% of Togo’s banking market share

Together, Orabank and Ecobank claim slightly over 42% of the Togolese banking assets. This is according to the latest data…
Tuesday 13 April, 2021
Akin Dada appointed Ecobank’s new group executive, corporate and investment banking
Banking

Akin Dada appointed Ecobank’s new group executive, corporate and investment banking

Akin Dada is the new Group Executive, Corporate and Investment Bank of the Ecobank Transnational Incorporated (ETI) Group. Executive Director…
Thursday 1 April, 2021
The BOAD plans to double its capital
Banking

The BOAD plans to double its capital

On Wednesday, March 31, 2021, Serge Ekue, president of the West African Development Bank (BOAD), announced that the institution plans…
Thursday 11 March, 2021
BCEAO injects CFA218 billion into the Togolese banking sector
Banking

BCEAO injects CFA218 billion into the Togolese banking sector

On March 8, 2021, the Central Bank of West African States (BCEAO) injected CFA218 billion into Togo’s banking market, at…
Monday 22 February, 2021
CRRH-UEMOA, WAEMU’s best-rated institution by Moody's, after BOAD and AfDB
Banking

CRRH-UEMOA, WAEMU’s best-rated institution by Moody's, after BOAD and AfDB

The Caisse Regionale de Refinancement Hypothecaire (CRRH-UEMOA), based in Lome, becomes the third best-rated financial institution by Moody's in the…
Tuesday 9 February, 2021
Togo: Microfinance institutions slow down on lending as overdue loans spike amid Covid-19 pandemic
Banking

Togo: Microfinance institutions slow down on lending as overdue loans spike amid Covid-19 pandemic

Amid the Covid-19 pandemic, microfinance institutions active in Togo considerably lowered loans to the public in the nine first months…
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