With the acquisition of 3 subsidiaries of BNP Paribas, Ivorian Koné Dossongui marked his comeback in the banking sector

The Ivorian businessman Koné Dossongui

It is to be believed that the sale of its West African subsidiaries of Banque Atlantique to the Moroccan group, Banque centrale populaire, had not sounded the death knell of its adventure in the banking sector. Ivorian businessman, Koné Dossongui, returns to his first love with the confirmation of his acquisition of three new banks on the continent, assets taken over at BNP Paribas.

In a press release published on December 14th, Atlantic Financial Group (AFG), the financial holding company he launched in 2005, announced that it had finalized the quick buyout of the French giant's subsidiaries in Mali, Gabon and the Comoros after obtaining the related regulatory authorizations. As head of Banque Atlantique Cameroun, Koné Dossongui is expanding his banking portfolio with 3 new entities: the International Bank for Trade and Industry of Mali (BICIM), the International Bank for Trade and Industry of Gabon (BICIG) and the Bank for Industry and Trade of the Comoros (BIC). This is not a trivial gamble, as acquisitions are part of the holding's DNA.

AFG had taken over in 1997 the Ivorian subsidiary of the British Barclays which will later be absorbed by Banque Atlantique Cote d'Ivoire, and more recently, the holding company acquired in 2010 the former Amity Bank in Cameroon which became Banque Atlantique Cameroun.

These bank assets complete the insurance component of AFG, which has half a dozen companies in Benin, Cameroon, Mali and the Comoros.

"With Atlantic Group's experience in Telecommunications (GSM, data transmissions) and Insurance, AFG aims to offer its customers a renewed customer experience by being a digital integrated bancassurance player that develops an ecosystem capable of promoting financial inclusion", explains the holding company in its press release.

Jean Mermoz Konandi

Publié le 17/12/20 16:40