Orabank Guinea (formerly Union Internationale de Banque en Guinée or UIBG) was set up in 1988 by Crédit Lyonnais and was one of the country's first private banks.
The bank joined the Financial Bank group in 2002, which was subsequently taken over in March 2009 by Emerging Capital Partners (ECP), the world's largest private equity firm specialising in African investment.
The subsidiary was renamed Orabank Guinea in 2011 and is looking to the future with confidence and ambition. With nearly twenty-five years of banking experience in Guinea, it already has nearly 16,000 customers (individuals, traders, professionals, businesses and institutions) and responds to all their needs with its wide range of financial products and services and its professional staff, who are dedicated to providing the highest standards of customer care.
Orabank Guinea already has several branches in Conakry (Kaloum, Madina, Matoto, Minière, Lambanyi and Sonfonia), as well as regional branches in Fria, Kamsar, N’Zérékoré, Labé and, since the first half of 2015, Kagbelen (Coyah Prefecture). It aims to embody the Group's new spirit by continuing to develop and expand, offering a more local service to its customers and making a significant contribution to Guinea’s predicted economic growth.
In 2014 the Guinean economy was sorely tested by the Ebola epidemic, which struck at the beginning of the year and led to a general slowdown across the country. Despite this difficult climate, Orabank Guinea continued to maintain its growth.
The bank's balance sheet total increased by 17.4% from GNF 757,085.6 million at the end of December 2013 to GNF 888,811.9 million at the end of December 2014. Deposits were up 116.19% to a total of GNF 760.48 billion at 31 December 2014, made up of deposits from personal banking customers (GNF 347.2 billion) and those from state-owned or semi-public companies (GNF 413.28 billion).
Customer loans increased by nearly 152.8% year-on-year from GNF 240.43 million in 2013 to GNF 367.37 million in 2014 – the bank's highest ever result for loans.
Operating income came out at GNF 5,001.9 million at the end of December 2014, as compared with GNF 10,435.7 million at the end of December 2013.
In 2015, Orabank Guinea will continue its efforts to improve the quality of its services and broaden its range of products, while at the same time upholding the sound values that have earned it the success it enjoys today – a committed workforce, the unwavering support of its shareholders and a loyal customer base.
Board of Directors
- Oragroup SA represented by Mr. Brice LODUGNON
- Almany Ismaël BANGOURA
- Ferdinand NGON
- William NKOUNTCHOU
- Cheick Tidiane N'DIAYE
- Mandaw CISSE
- Mamadou ALIOU BAH dit BOBO
- Fiduciaire de Guinée (PricewaterhouseCoopers) – Conakry Republic of Guinea
- Chief Executive Officer: Mambo TETE-BENISSAN
- Deputy Chief Executive in charge of support functions: Adoum TOM
- Deputy Chief Exeutive in charge of operations : Jean-Louis HABA
- Chief Administrative and Financial Officer: Sylla MOUSSA
- Head of Personal and Professional Banking: Mamadou Kodjougou DIALLO
- Head of IT : Joseph EZA
- Head of Risk Management: Hamidou SYLLA
- Head of Internal Auditing : Mohamed Douty SOUMAH
- Head of Permamnent Control : Bintou DIALLO
- Head of Treasury : Bella Mamadou BALDE
- Head of Operations : Amadou Saikou BAH
- Head of Legal Affairs and Litigation: Ibrahima Sory CAMARA