Hello and welcome to the Oragroup website,
As we have already begun the year 2019, I would like to say a few more words about the past year, which has been particularly busy for our bank. 2018 was a strong symbolic milestone year as it represented both the 10th anniversary of Oragroup's creation and our 30th year of banking history in Africa.
The funding we obtained, the new products we have launched, our technical assistance agreement in a new strategic country, Cameroon, and, finally, our initial public offering, are all signs of the maturity we have acquired as a pan-African banking group.
The year began with the signing of a contract with CR2, one of the leading players in banking software innovation, which allows us to expand our range of digital banking services and self-service branches.
We also raised €40 million from the Islamic Development Corporation (IDB) to support our ambitious SME financing program. These funds will enable Oragroup to finance projects led by small and medium-sized enterprises (SMEs).
We were also particularly pleased to announce the signing of a technical assistance agreement with Crédit Communautaire d'Afrique (CCA), the country's 15th largest bank. This is a first step in Cameroon, a country that is crucial for our future development.
Finally, we successfully conducted our initial public offering, a strong symbol. This capital increase will enable us to consolidate the Group's growth and support our development, in particular to invest in digital banking and seize growth opportunities in Central African countries.
The prospects for 2019 are many: in addition to the effective listing of our bank on the Abidjan Stock Exchange, we will continue to fulfill our mission to finance wealth creators, individuals and entrepreneurs, whether they are craftsmen, traders or industrialists.
We want to participate actively and sustainably in the financing of Africa’s growth story and we are convinced that it is by building a reference banking group that we will be able to offer the continent the means to achieve its development and emergence objectives.
Together, let us participate in the development of Africa!
Ferdinand NGON KEMOUM
Chief Executive Officer, Oragroup
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