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Bank: Versus Bank doubles its share capital

19/09/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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At the end of the Extraordinary General Meeting of Versus Bank's shareholders on June 27, 2024, held in Abidjan, they increased the bank's share capital by increasing it from 10 to 20 billion FCFA.

An information note mentions that the State of Côte d'Ivoire and the General Retirement Fund for State Agents (CGRAE) took this decision in accordance with new regulatory requirements that require banks in the West African Monetary Union (UEMOA) that require banks in the West African Monetary Union (UEMOA) to have a minimum share capital of 20 billion CFA francs by 31 December 2026. This decision aims to strengthen the resilience and capacity of this bank to meet the growing financing needs of its customers. According to the information, this is also a step forward in line with the transformation plan initiated by the bank since 2020 in order to adapt to the realities of a constantly changing environment and to the expectations of an increasingly demanding clientele

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