Increase of Advans Côte d’Ivoire’s share capital

Following the shareholders meeting held on 25 June 2018 in Abidjan, the decision to increase Advans Côte d’Ivoire’s share capital from 5 million FCFA to 7 million FCFA was approved. The fifth affiliate of the Advans Group, Advans Côte d’Ivoire serves over 100,000 entrepreneurs, traders and SMEs in the country with tailored financial services. The MFI benefits from the expertise and resources of its main shareholders IFC, FISEA (AFD Group), FMO, Advans SA and SGBCI.

The 2 million FCFA increase will contribute to the reinforcement of the institution and its network and the deployment of alternative delivery channels so as to increase proximity to its clientele. The institution will continue in its mission to provide tailored financial services to small businesses and other populations who have little or no access to traditional financial services, with only 40% of the Ivorian population holding a bank account. Advans Côte d’Ivoire currently has about 700 staff and 18 branches, 9 of which are located in Abidjan and 9 others in the interior of country.