Home   >   Banking & Finance   >   201306   >   Bank of Africa positioned for cross-border trade


Bank of Africa positioned for cross-border trade
 
Posted on: 18-Jun-2013         Source: Daily Graphic
 
 
 
Bank of Africa, Ghana (BOA-GHANA) commenced operation in Ghana in 2011 after BANK OF AFRICA Group (BOA Group) acquired majority interest in Amalgamated Bank (Amalbank) on 2nd of February 2011.

With this acquisition, the BOA Group consolidated its presence within the West African region and is therefore strategically well placed to facilitate cross – border trade within the larger West African region.

The BOA Group has presence in 14 African countries namely Benin, Burkina Faso, Burundi, Democratic Republic of Congo, Djibouti, Ghana, Ivory Coast, Kenya, Madagascar, Mali, Niger, Senegal, Tanzania and Uganda.

Additionally, the BOA Group owns three leasing companies, a housing finance company, a stock brokerage company, two investment companies and an Information Technology subsidiary.

BOA Group’s majority shareholder is Bank Maroccaine du Commerce Exterieur (BMCE Bank). BMCE Bank is Africa’s twelfth (12th) largest bank and is actively involved in Capital Market, Asset Management, Stock Brokerage, Consumer Credit, Asset Leasing, Credit Insurance, Custody and Advisory services.

BOA-GHANA is a commercial bank, offering a wide range of financial products and services that covers sectors of Retail, SME and Corporate Banking.