Announced in Togo since July 2014, the French bank, Société Générale, officialized on 10th June, the real starting up of its activities in this country of West Africa. The new financial institution intends to serve, at first, the needs of legal entities (multinationals, institutional, State companies, local and regional large companies and SMEs, NGO, and international and sub-regional organizations).
Société Générale is established in Equatorial Guinea, Ivory Coast, Benin, Burkina Faso, Guinea, Cameroon, Ghana, Senegal, Chad, Morocco, Algeria and Tunisia. It counts 3 million customers among whom 15 000 companies.
Africa is not however the main market of the French bank. The activities of the “Société Générale” have decreased by 30.7 % with regard to the year 2012. This part of the world represents only 4.85 % of the net product of the bank.
Original text by: Roger ADZAFO