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Financial innovation: 2.3 billion FCFA injected into BOAD Market Solutions in capital

24/12/2024
Source : ORISHAS FINANCE
Categories: Sectors

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La B West African Development Bank (BOAD) announced During its board of directors held on Wednesday December 18, the injection of 2.3 billion FCFA into BOAD Market Solutions en capital, its brand new entity in gestation in Côte d'Ivoire

.

The objective of BOAD is to offer innovative financing alternatives and specialized advisory services to financial actors de l ' UEMOA . In reality, the creation of BOAD Market Solutions also aims to lay the foundations for a derivatives and structured products market in the Union. Serge Ekué, President of the bank, wants to transform the institution into a central player in innovative financing in the region. BOAD Market Solutions is part of the Djoliba Plan, BOAD's strategic roadmap that runs until 2025. The company intends to expand its economic model by integrating financial services activities such as advice, structuring, management for environmental or European funds, etc. Also, the development institution has also strengthened the capital of its subsidiary BOAD Titrisation, to the tune of

800 million FCFA.
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