Rankings of banks operating in Togo (BCEAO)
Thursday, 23 May 2019 11:32 
(Togo First) - Lomé-based Oragroup was the leading bank in Togo in 2017, sources released by the BCEAO indicate. According to the apex bank, the bank whose assets were valued at XOF545 billion that year is followed by Ecobank Togo whose assets amounted to XOF416 billion over the period.
The country’s best bank two years ago was Union Togolaise de Banque (UTB), with total assets estimated at XOF303 billion. While the lender is currently fully under State control, a privatization process was initiated last year due to financial struggle.
The last of the thirteen banks operating in the country was InterAfricaine de Banque (SIAB), ex-Baltex, before which is positioned Banque Populaire pour l’Epargne et le Crédit (BPEC) ; the latter was acquired in 2018 by the Sunu Group.
In 2017, Togo’s banking industry weighed more than XOF2,430. Emphasis should be put on the fact that the country hosts headquarters of two pan-African banks, Ecobank and Orabank.
Rankings by deposits collected
Looking at deposits, Orabank and Ecobank are in tight race for this segment. Indeed, over the period under the review, data from the BCEAO shows, the first collected XOF317 billion while the second raked in 301 billion.
Nipping at the heels of these two were UTB (214 billion), BTCI (168 billion), Diamond Bank which is now NSIA Banque (107 billion), and Banque Atlantique (104 billion).
Last runners are SIAB and Société Générale (the lenders started operations in Togo only in 2015), with respectively nine billion and 30 billion of deposits.
Rankings by loans granted
In terms of loans granted, Orabank leads the race, outstripping its immediate challenger Ecobank by more than XOF100 billion. Loans given by the bank stood at XOF292 billion in 2017, while Ecobank’s were at 161 billion.
UTB is next with nearly 150 billion of loans granted. It is followed by Banque Atlantique (which is detained by Moroccan BCP).
The least performers in this category were SIAB (XOF8 billion), BIA (33 billion) and BPEC which experienced some difficulties.
Fiacre E. Kakpo
