Henri Claude Oyima, Chairman and CEO of the BGFIBank Group, and Jules Ngankam, the CEO of the African Guarantee Fund (AGF), signed last Friday at Libreville, a partnership to support SMEs. This agreement concerns a portfolio guarantee line of 50 million euros, or more than 32 billion CFA francs, to cover loans allocated to SMEs.

The portfolio guarantee line worth a total of 50 million Euros (33 billion FCFA) will allow the BGFIBank Group to accelerate clients' access to financing The SME, a real lever for the development of African economies.

For the BGFIBank Group, this partnership is in line with the ambitions of our Dynamic Business 2025 project, which promotes, among other things, financial inclusion, which implies increase of the SME segment in the global credit portfolio.

Note that the AGF Group and the BGFIBank Group have been collaborating for eight years and this new agreement shows their desire to continue supporting SMEs, major players in the creation of jobs in Africa. In 2014, the two groups had already signed a partnership for a line worth 20,000,000 dollars, usable over five years and intended to guarantee financing for small and medium-sized enterprises.