Banque Agricole Du Faso

What Banque Agricole Du Faso does

Banque Agricole Du Faso (BADF) is a Burkina Faso-based universal bank with an agricultural mandate, constituted as a Société Anonyme on August 30, 2017, licensed on April 16, 2018, and operationally launched on February 25, 2019. It is majority state-owned (87.55% combined) by three state vehicles: FBDES (63.04%), CARFO (14.01%), and LONAB (10.51%), with the residual held by private and institutional shareholders. The bank operates more than nine branches and dedicated agencies across Burkina Faso, anchored by its head office in Ouagadougou and a presence in major agricultural zones (Bobo-Dioulasso, Bagre, Dedougou, Kouka).

BADF's core product set is structured around agricultural credit — mass short-term and medium-term loans to smallholder farmers, consortium/syndicated and bond-financed loans to agro-industrial enterprises (SOFITEX, SOSUCO, SN-DAFANI, CITEC, Maison de l'Entreprise, Maison de la Femme), and specialized programs such as tractor financing for the UNPCB cotton producer union. It also operates a digital channel stack consisting of Walet-Orange Money integration, SMS Banking, an E-Banking portal, and an E-Agriculture platform deployed jointly with the Ministry of Agriculture. Retail products include three tiered debit cards (SEMENCE, KARITE, OR BLANC) and a savings suite including the green/sustainable Épargne Verte product. The bank is the recognized operator of the state-backed Fonds de Développement Agricole (FDA), channeling public-sector credit to smallholder farmers.

The business model is a spread-based universal bank centered on agricultural lending: net interest income from the agricultural loan book (smallholder mass credit, syndicated agro-industrial loans, tractor and input financing) is supplemented by retail deposit mobilization, transaction fees on the digital rails, and public-sector on-lending fees. Customer segments span smallholder farmers (volume, FDA-mediated), cooperatives and producer unions (UNPCB-type partnerships), agro-industrial enterprises (SOFITEX, SOSUCO, MINOTERIE DU FASO — concentrated anchors), SMEs (Maison de l'Entreprise channel), and retail/individual clients (Prêt Scolaire Minute, savings accounts). Distribution is multi-channel: physical agency network plus digital and mobile-money rails, with agricultural value-chain distribution handled through cooperatives and the Ministry of Agriculture.

Name

Banque Agricole Du Faso

Legal name

Banque Agricole Du Faso

Website

https://badf.bf

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Banque Agricole Du Faso is a majority state-owned universal bank in Burkina Faso, founded in 2017 and operational since 2019, that specializes in agricultural financing for smallholder farmers, agro-industrial enterprises, SMEs, and retail customers through nine-plus branches and digital channels.

Ownership category

akta.pro rank

Product category

Agricultural Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211), Commercial Banking (522110)

SIC

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

akta.pro industry

PRIMARYFSABAKAE

Agricultural & Rural Development Banks

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Development & Public Sector Banking (DFIs, Postal/Savings Banks)

SECONDARYFSABABAA

General SME & Middle-Market Commercial Banking

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Commercial Banking (SME & Middle Market)

SECONDARYFSABAAAA

Mass-Market Consumer Deposit Banking (Checking/Savings)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Retail Banking

Keywords

• Agricultural banking
• Rural finance
• Microfinance
• Digital banking
• Agricultural credit

Headquarters

HQ city

Ouagadougou

HQ country

Burkina Faso

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Agricultural Loans: BADF generates revenue primarily through interest on agricultural production loans, equipment financing, working capital facilities, and medium-term investment loans for farmers, cooperatives, and agro-industrial enterprises.
2. Corporate and Business Banking Fees: Fees from international trade finance operations (import/export documentation, letters of credit, documentary credits), signature guarantees, account management, and foreign exchange transactions for enterprise customers.
3. Retail Banking Services: Revenue from current and savings accounts, bank card services (SEMENCE, KARITE, OR BLANC cards), money transfers within UEMOA and international zones, local and interbank transfers, and credit products for individuals.
4. Savings and Deposits: Interest-bearing savings accounts with 3.5% annual rate paid quarterly, providing float income and deposit base for lending operations.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels6 records

Core offering

Banque Agricole Du Faso is a universal bank specializing in agricultural financing, offering deposits, payment cards (Visa SEMENCE, KARITE, OR BLANC), digital banking (E-Banking, SMS Banking, Le Walet, E-Agriculture), consumer/school credit (Prêt Scolaire Minute), and a suite of agricultural credit products (FDA fund, mass short- and medium-term credits, tractor financing, syndicated loans). It serves smallholder farmers, agro-industrial enterprises, SMEs, cooperatives, and individual retail customers across Burkina Faso.

Product overview

Banque Agricole Du Faso (BADF) operates as a universal bank with a primary focus on agricultural financing in Burkina Faso. The bank's product portfolio is organized around three core areas: digital banking services (Le Walet, SMS Banking, E-Banking, E-Agriculture Platform), card products (SEMENCE, KARITE, OR BLANC debit cards), and specialized agricultural credit products (Fonds de Développement Agricole, short and medium-term mass credits, tractor financing, and syndicated loans). The E-Agriculture Platform serves as a digital ecosystem connecting agricultural value chain actors, while the FDA provides government-backed facilitation for smallholder farmers. The bank also offers savings products including Épargne Vert and Épargne Projet, plus international banking operations for import/export transactions.

Differentiator

Problem solved

Functional benefit

Products and services

• Carte SEMENCE

Quantifiable outcome

• Branches opened across Burkina Faso territory as of December 2022
• +2 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Union Nationale des Producteurs de Coton (UNPCB)coreStrategic or Co-development Partner · 1 January 2025Partnership for financing 300 tractors for cotton producers. UNPCB selects producers eligible for tractor financing under government agricultural mechanization program.
• Association Professionnelle des Banques et Établissements Financiers du Burkina (APBEF-B)coreStrategic or Co-development Partner · 1 January 2025BADF participates in APBEF-B events including Open Days and Financial Inclusion Day. Collaboration on industry events, sports competitions, and financial sector development initiatives.
• Regional Conference on Agricultural Finance Digitization (Zambia)minorStrategic or Co-development Partner · 1 January 2022Regional conference in Lusaka, Zambia on agricultural finance digitization. BADF participated alongside banks from 9 African countries, fintechs, and international development partners to share experiences on digital agricultural finance.
• Orange Money (Orange Burkina)coreTechnology or Integration · 1 January 2019Mobile money integration enabling Walet service for real-time fund transfers between BADF bank accounts and Orange Money mobile wallets.
• Ministère de l'Agriculture et des Aménagements HydroagricolescoreStrategic or Co-development Partner · 1 January 2018Ministry initiated the FDA (Fonds de Développement Agricole) domiciled at BADF. Provides government support for agricultural credit facilitation targeting smallholder farmers.
• Directions Provinciales de l'AgricultureminorStrategic or Co-development Partner · 1 January 2018Provincial agricultural directorates distribute FDA financing forms and receive completed applications from farmers and cooperatives.
• Confédération Paysanne du FasominorStrategic or Co-development Partner · 1 January 2018Peasant confederation distributes FDA financing forms and facilitates farmer access to agricultural credit through BADF.
• Chambre Nationale d'AgricultureminorStrategic or Co-development Partner · 1 January 2018National Chamber of Agriculture serves as distribution point for FDA financing application forms and provides agricultural sector coordination.
• Government of Burkina FasocoreStrategic or Co-development Partner · 1 January 2017Government created BADF as dedicated agricultural bank. Hosts the FDA (Fonds de Développement Agricole) and provides regulatory support for agricultural financing mandate. Government holds 87.55% via FBDES, CARFO, LONAB.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Ecobank Burkina Faso: Local subsidiary of pan-African Ecobank Group, providing universal commercial banking in Burkina Faso including agribusiness and SME lending. Direct domestic competitor for corporate and agro-industrial deposits and loans.
• Bank of Africa Burkina Faso (BOA Burkina): Local BOA Group subsidiary offering universal commercial banking in Burkina Faso, including agribusiness and SME products. Competes directly for agricultural and SME customer wallet share domestically.
• Banque Nationale d'Investissement (BNI) Côte d'Ivoire: State-owned investment/development bank in Côte d'Ivoire with overlapping agricultural and SME financing activities. Comparable as a state-led WAEMU bank with agricultural value-chain lending, though broader in mandate.
• Société Générale Burkina Faso (SGBF): Subsidiary of Société Générale group providing universal banking, including agricultural and corporate finance. Overlaps BADF's corporate, trade finance and agribusiness activity within Burkina Faso.
• Coris Bank International Burkina Faso: Leading Burkinabè commercial bank with a significant agribusiness and SME franchise. Competes with BADF for agro-industrial and SME credit, savings and trade finance in the same market.

Direct peers

• Banque Agricole du Niger (BAGRI): Niger's dedicated national agricultural bank, with a mandate and product set (production credit, equipment financing, savings) directly comparable to BADF's. Closest analogue by mission and geography within the WAEMU/Sahel agricultural banking space.
• Bank of Agriculture (BOA Nigeria): Nigerian agricultural development bank providing subsidized credit and value-chain finance to smallholders and agribusiness. Comparable as a state-aligned agricultural bank pursuing similar smallholder and agro-industrial lending.
• Tanzania Agricultural Development Bank (TADB): Tanzania's state-owned agricultural development bank offering production, equipment and agro-processing credit. Comparable development-bank mandate, agricultural value-chain focus and rural inclusion objectives.

Others

• Réseau des Caisses Populaires du Burkina Faso (RCPB): Largest cooperative microfinance network in Burkina Faso and a partner of BADF for last-mile smallholder credit. Functions partly as a feeder/distributor to BADF and partly as a competitor for rural deposits and small-ticket loans.

Emerging players

• Orange Money Burkina Faso: Dominant mobile money operator in Burkina Faso and BADF's 'Walet' integration partner. Competes for low-cost deposits, person-to-person transfers and increasingly rural financial inclusion, sharing the same smallholder and informal customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/BanqueAgricoleDuFaso
• LinkedInlinkedin.com/company/banque-agricole-du-faso-badf

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Banque Agricole Du Faso