AFG Bank Côte d'Ivoire

What AFG Bank Côte d'Ivoire does

AFG Bank Côte d'Ivoire is a private commercial bank headquartered in Abidjan and a subsidiary of Atlantic Financial Group (AFG Holding), the pan-African financial services platform founded by Koné DOSSONGUI. The bank serves retail customers, self-employed professionals, and corporate clients across Côte d'Ivoire through a tiered pack architecture and a multi-channel distribution footprint spanning 25+ branches, the AFG e-Bank mobile application, SMS banking, and digital kiosks. In December 2023, AFG Bank absorbed BPCI, materially expanding its balance sheet and customer base, and in September 2024 installed Daniel Touré as Director General to lead post-integration growth.

The bank's core product set comprises consumer and corporate deposit accounts organized into tiered packs (Essentiel, Confort, Premium, Elite, and Pro/Pro Plus for professionals), consumer credit and overdraft facilities, and a Visa-branded card portfolio spanning Classic, Premier, Platinum, Infinite, and Elite tiers. Underlying technology centers on the AFG e-Bank digital platform, which supports mobile application access, SMS banking, digital kiosks, and interoperability with Moov Money and MTN MoMo mobile money wallets. The bank also offers cash management, FX, and trade finance products for corporate clients, alongside a forthcoming leasing product line and bancassurance offerings distributed through Atlantic Financial Group's affiliated insurance subsidiaries.

The business model is a traditional spread-plus-fee commercial bank model: net interest income from lending activities funded by deposits, supplemented by transaction fees, card interchange, FX commissions, and bancassurance revenue. Customer acquisition runs through both physical branches and digital channels, with mobile money interoperability extending reach into the unbanked and underbanked population. Pricing is structured as flat monthly/annual pack fees ranging from FCFA 4,500 for the entry-level Essentiel pack to FCFA 30,000 for premium tiers, with no disclosed concentration in any single large corporate anchor, suggesting a distributed retail and SMB revenue base rather than a wholesale-banking model.

Name

AFG Bank Côte d'Ivoire

Legal name

AFG Bank Côte d'Ivoire

Website

https://afgbankcotedivoire.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

501–1,000 employees

Short description

AFG Bank Côte d'Ivoire is a private commercial bank headquartered in Abidjan, serving retail customers, professionals, and businesses through tiered banking packs and digital channels. It is a subsidiary of Atlantic Financial Group, operating 25+ branches and digital banking platforms across the country.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Retail banking services
• Commercial banking products
• Digital banking platform
• Corporate credit facilities
• Mobile banking services

Headquarters

HQ city

Abidjan

HQ country

Côte d’Ivoire

HQ region

Africa

Offices26 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Interest Income: Traditional banking interest income from lending activities including working capital credits, investment credits, and overdraft facilities. The bank offers various credit products to individuals and corporate clients.
2. Pack Subscription Fees: Monthly subscription fees for bundled banking packages (Essentiel, Classic, Gold, Premium, Infinite, Platinum, Pro packs) ranging from 4,500 to 30,000 FCFA per month, providing account maintenance, card services, insurance products, and digital banking access.
3. SMS Banking Services: Monthly fees for SMS banking notification services: Light package at 500 FTTC/month for weekly transaction summaries, Full package at 2,000 FTTC/month for real-time transaction alerts.
4. Card Transaction Fees: Revenue from Business Visa card usage, withdrawals at ATMs and POS terminals, and international transaction processing through the Visa network.
5. Corporate Banking Services: Fees from corporate credit facilities (working capital, investment loans, signature credits), term deposits, and digital transaction services for businesses and institutions.
6. Account Management and Credit Processing: Fees from account opening (no charge for current accounts), credit processing, document issuance, and various banking transactions for retail and corporate clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels6 records

Core offering

AFG Bank Côte d'Ivoire is a commercial bank that provides retail and corporate banking services in Côte d'Ivoire, including checking and savings accounts with tiered subscription packs, overdraft facilities, working capital and investment credit, term deposits, guarantee/signature credits, Visa-branded payment cards, and digital banking access via its proprietary AFG e-Bank platform with mobile money interoperability. The bank serves individuals, professionals, and corporate/institutional clients through an extensive branch network combined with digital, mobile, and SMS channels.

Product overview

AFG Bank Côte d'Ivoire is a digital-focused commercial bank and subsidiary of Atlantic Group (AFG Holding). The bank offers a comprehensive banking platform organized into three main tiers: (1) Retail Packs for individuals (Essentiel, Classic, Gold, Premium, Infinite, Platinum) providing check accounts, overdraft facilities, insurance products, and tiered Visa cards with associated benefits; (2) Pro Packs for professionals and middle-market clients (Pro 1, Pro 2, Pro 3) offering business accounts, cards, SMS Banking, savings plans, and preferential loan rates; and (3) Corporate Products including credit facilities (Crédits d'exploitation, Crédits d'investissement, Crédits par signature), term deposits (Dépôts à terme), and cash management services. The core digital platform AFG e-Bank enables 24/7 account management, transfers, and bill payments. Mobile integrations with MTN MoMo and Moov Money support mobile money transfers. The bank operates across Côte d'Ivoire through an extensive branch network and digital channels.

Differentiator

Problem solved

Functional benefit

Brands

• AFG e-Bank: Digital banking platform enabling 24/7 account access, transfers, bill payments, and account statement downloads.
• AFGINFO
• AFG Digital Space
• AFG e-Bank

Quantifiable outcome

• Overdraft coverage up to 100% of monthly salary with salary domiciliation for Premium/Platinum packs
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• Moov MoneycoreTechnology or IntegrationIntegration enables seamless transfers between Moov Money mobile money accounts and AFG Bank accounts, allowing customers to link their mobile money to their bank account for simplified fund transfers.
• MTN MoMocoreTechnology or IntegrationIntegration allows AFG Bank customers to connect MTN Mobile Money accounts to their bank account, enabling simplified transfers and improved financial access through mobile money channels.
• VisacoreTechnology or IntegrationVisa card network partnership providing Business Visa, Visa Ivoire, Visa Classic, Visa Gold, Visa Platinum, and Visa Infinite cards with global acceptance, lifestyle benefits, concierge services, and loyalty programs.
• Digital Business SolutionscoreTechnology or IntegrationAtlantic Group technology subsidiary providing digital banking infrastructure and technological solutions supporting AFG Bank's digital transformation and innovative service delivery.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Société Ivoirienne de Banque (SIB): SIB is the Ivorian subsidiary of Attijariwafa bank, a large Moroccan financial group, offering retail and corporate banking products across Côte d'Ivoire — directly comparable to AFG Bank CI in segment, geography, and product mix.
• Ecobank Côte d'Ivoire: Ecobank CI is part of the pan-African Ecobank group, providing retail and commercial banking in Côte d'Ivoire with extensive digital and mobile money capabilities — directly competing with AFG Bank CI for individuals, SMEs, and corporate clients.
• NSB Banque: NSB Banque is a leading Ivorian commercial bank (formerly Banque Populaire network) offering universal banking services including retail, professional, and corporate segments in direct competition with AFG Bank CI in the same market.
• Orabank Côte d'Ivoire: Orabank is a Togolese-headquartered banking group with operations across WAEMU including Côte d'Ivoire, serving individuals, SMEs, and corporates — directly comparable to AFG Bank CI in retail/SME focus and regional banking model.
• BICICI (BNP Paribas): BICICI is a major Ivorian commercial bank subsidiary of BNP Paribas, offering retail and corporate banking products and competing directly with AFG Bank CI in the same Côte d'Ivoire market with comparable deposit, lending, and digital banking services.
• Coris Bank International: Coris Bank is a West African commercial bank group with a Côte d'Ivoire subsidiary offering retail and SME banking products — comparable to AFG Bank CI in segment focus and regional WAEMU footprint.
• UBA Côte d'Ivoire (United Bank for Africa): UBA CI is the Ivorian subsidiary of pan-African United Bank for Africa, offering retail, SME, and corporate banking with strong digital channels — directly comparable to AFG Bank CI in product set and target customer base.
• Société Générale Côte d'Ivoire (SGCI): SGCI is the Ivorian subsidiary of Société Générale, one of the largest banks in Côte d'Ivoire offering retail packs, corporate banking, and digital channels — directly comparable to AFG Bank CI's product set and target segments.
• Bridge Bank Côte d'Ivoire: Bridge Bank is a smaller Ivorian commercial bank focused on SMEs, professionals, and retail customers with digital-first offerings — closely comparable to AFG Bank CI's positioning in the mid-tier of the Ivorian banking market.

Broad incumbents

• Banque Atlantique (Atlantic Group): Banque Atlantique is a sister entity under the same Atlantic Financial Group holding, operating in multiple WAEMU and Central African countries. While the parent group and shared infrastructure make it closely related, it operates in different national markets than AFG Bank CI.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/afgbankci1

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AFG Bank Côte d'Ivoire