Panicpanic banking group Oragroup won the "The Banker Awards – Bank of the Year 2019" award
for its operations in Burkina Faso, Guinea Bissau, Senegal and Togo. Awarded by the media
The Banker (Financial Times Group) at the official ceremony held
on 28 November 2019 in London, this prestigious distinction rewards financial excellence and
the group's management and accelerated growth trajectory.
With more than 500,000 customers, 152 branches and 1,857 employees, Oragroup was selected from
more than 1,000 establishments, posted in 2018 performances in strong growth with a balance sheet total
to 2,171 billion CFA francs ($3.7 billion), an increase of 21% compared to the year
Previous. Customer deposits across the Orabank network amounted to 1,462 billionbr CFA francs and credit operations at 1,255 billion CFA francs, an increase of 24% respectively
and 16%. In total, the Group posted net banking income of 126.77 billion CFA francs (221 million cfa francs
of dollars, +17%) and consolidated net income up sharply by 36% to 29.77 billion CFA francs (51.9
$ million).
2018 was also marked by the success of Oragroup's public offer for 20% of its capital, i.e. a fundraising of 56.92 billion CFA francs, which led to the introduction of the stock at
the Regional Stock Exchange (BRVM) in April 2019, the largest operation since the
creation of the BRVM in 1998.
"It is a huge honour to receive this award. Our performance and increases in shares
of markets are based on a development strategy articulated around the digital transformation of b
group, the deployment of the Orabank brand, the consolidation of our activities and the optimization of our
network to generate performance in the service of our customers and create value for our
shareholders," explains Ferdinand Ngon Kemoum, Chief Executive Officer of Oragroup.
"Orabank Togo's ambition is to support the development of the Togolese economy and populations
by financing infrastructure that strengthens the country's economic integration and competitiveness, the
democratization of access to investment and consumption and accessible banking services
thanks to digital. The trading room in Lomé and the deployment of the KEAZ solution in Togo are
the illustration of this dynamic. The credit goes first and foremost to our field workers who put in
works the vision defined by Oragroup", added the CEO of Orabank Togo Mr. Guy-Martial Awona.
"Oragroup's growth trajectory continues to accelerate, as evidenced by these multiple trophies.
Orabank Burkina Faso is proud to contribute to this pan Burkina Faso, through the support of its economic actors and a daily commitment for a
inclusive and sustainable growth," added Orabank Burkina Faso Managing Director Martial Goeh Akue.
"This Bank of the Year award given to Orabank Senegal for the second time in a row highlights avant
all the solid growth of the group over the last ten years. We are proud and happy with the progress
carried out, always anxious to improve our performance and the quality of the relationship that unites us with our
Customers. " added the Managing Director Orabank Senegal Mr. Luc Morio.
"We are proud that an international reference such as The Banker, part of the Financial
Times, acknowledges the work and the margin of progress of Orabank Guinea Bissau over the year 2019. Cela
encourages us to redouble our efforts to accelerate banking and financial inclusion in Guinea Bissau, by modern digital solutions and an approach that combines economic profitability with social impact," abr
concluded the Managing Director of Orabank Guinea-Bissau Mr. Bilaly Diarra.