Advans Banque Congo

Advans Banque Congo S.A.
Private
IndustryBanking
FoundedOctober 8, 2008
HeadquartersAvenue du Bas Congo, N°4, Kinshasa, DRC
ProductsLoans, Checking, Savings
Number of employees
360
WebsiteAdvans Banque Congo

Overview

Advans Banque Congo S.A., commonly referred to as Advans Banque, is an independent commercial bank based in the Democratic Republic of Congo, with its headquarters located in Kinshasa.

The bank has a particular focus on the provision of financial services to micro, small and medium Congolese enterprises as its niche market.[1] Advans Banque operates nine branches in four Congolese cities.

History

Advans Banque Congo was incorporated in July 2008 and granted a commercial banking license in May 2009 by the Central Bank of Congo.[2]

Ownership

Advans Banque Congo is a venture between Advans SA (formally knows as Lafayette investment), a venture capital firm registered in Luxembourg as majority shareholder with KfW Entwicklungsbank, African Development Bank, International Finance Corporation and Horus Development Finance as minority shareholders in the venture.

Advans SA aims to establish microfinance financial institutions in emerging economies. Advans SA owns microfinance institutions in the Democratic Republic of the Congo, Cameroon, Ghana, Cambodia, Pakistan, Cote d'Ivoire and Tanzania.[3]

The table below depicts the shareholding within Advans Banque Congo:[4]

Advans Banque Congo Stock Ownership
RankName of OwnerPercentage Ownership
1Advans SA of Luxembourg55.5
2KfW, ADB, IFC & HDF45.5
Total100.00
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See also

References
  1. Advans Banque Congo Historique Archived July 7, 2013, at the Wayback Machine
  2. MicroCapital - Advans Banque Congo
  3. "Site Suspended - This site has stepped out for a bit". microfinanceafrica.net. Retrieved 2017-09-07.
  4. Shareholding In Advans Banque Congo Archived May 13, 2013, at the Wayback Machine


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