Coffee-Cocoa Board takes 5% of Bank NSIA Ivory Coast

June 8, 2016

A decree authorizing the sale of the entire stake held by the State of Côte d’Ivoire in the capital of Bank NSIA Côte d’Ivoire (BIAO-CI former) or 200 000 shares representing 10% of the capital, adopted Friday in extraordinary cabinet.

Of these 10%, 5% is transferred to the Coffee and Cocoa Council (CCC) and 5% will be listing on the Brvm Abidjan (BRVM).

Recall that d ince 2014, the government restructures banks to minority state holdings by selling its shares.

With regard to the Bank for financing agriculture (BFA), it was liquidated in 2014. But the share of the bank Ivorian Company (SIB) were sold in 2015, while the state has invested FCFA 35 billion (€ 53.2 million) in the national Fund of savings Banks (CNCE) under temporary administration since 2015 to its restructuring, highlights Alert Info. Source: Commodafrica