BGFIBank Group

What BGFIBank Group does

BGFIBank Group is a privately held diversified financial services group headquartered in Libreville, Gabon, operating through 20 subsidiaries across 11 African countries plus a Paris-based European entity (BGFIBank Europe). Founded in 1971 as Paribas Gabon and rebranded BGFIBank in 1997 following full Gabonese private ownership, the group operates under BGFI Holding Corporation S.A. with approximately 2,300 employees. The group maintains 45%+ market share in Gabon and leadership position in Republic of Congo, with a 2010 reported balance sheet of 1,100 billion FCFA (1.7 billion EUR).

The group's core platform comprises BGFIBank Gabon (24 branches), BGFIMobile (multi-OS mobile banking app), BGFIOnline (web banking), and a Visa card portfolio (Classic, Gold, Prepaid with Motion Code and 3D Secure). Specialized subsidiaries extend the offering across the financial services value chain: Finatra for consumer credit and leasing, LOXIA for microfinance, ASSINCO for property/casualty insurance, BGFIBourse for stock brokerage, BGFICapital for investment banking, and BGFIFactor for factoring. Money transfer capabilities span Western Union representation (60%+ Gabon market share), BGFIExpress intra-group transfers across Cameroon/Congo/Equatorial Guinea/Gabon, and GIMACPAY mobile money interoperability across the CEMAC zone. Triple ISO certification (9001:2015, 14001:2015, 45001:2018) maintained since 2005, with AML 30.001 v2025 and PCI DSS certifications in 2025.

The business model combines net interest income (personal loans, mortgages, Crédit FLASH up to 5M FCFA, Crédit FLEX up to 20M FCFA, corporate financing) with transaction-based fee streams (Western Union 7% Africa/Europe, 5% rest-of-world; ATM withdrawals; card fees; GIMACPAY transfers), subscription revenue from packaged retail accounts (12,000-20,000 FCFA/month tiered Packs), and specialized fees from bancassurance (Mobi Assur, card-linked travel insurance) and brokerage/investment banking. Distribution spans physical branches, digital self-service channels, dedicated relationship managers for corporate and private banking, and partnerships with mobile money operators (Airtel Money, Moov Money) for ATM interoperability. Customer segments include Retail/Particuliers (primary), Professionals/PMEs, Corporate/Entreprises, Private Banking, and Government/State Institutions.

Name

BGFIBank Group

Legal name

BGFIBank Gabon S.A.

Website

https://bgfi.com

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

101–250 employees

Short description

BGFIBank Group is a privately held diversified financial services group headquartered in Libreville, Gabon, operating 20 subsidiaries across 11 African countries and Europe, with 2,300 employees, 45%+ Gabon market share, and offerings spanning retail/corporate banking, microfinance, insurance, brokerage, and investment banking.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Other Nondepository Credit Intermediation (52229)

SIC

National Commercial Banks (6021), State Commercial Banks (6022), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

SME & Business Cross-Border Payments (B2B) (FSAMAIAB)

akta.pro secondary industries

Trade & Invoice Payments (Cross-Border B2B) (FSAMAIAL), Cross-Border B2B2C Payouts (Mass Payouts, Gig/Creator, Marketplace) (FSAGAKAC)

Keywords

• Retail banking services
• Commercial banking
• Microfinance services
• Mobile money transfers
• Consumer lending

Headquarters

HQ city

Libreville

HQ country

Gabon

Offices18 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking revenue from interest margins on loans and credit products including personal loans, mortgages, and corporate financing.
2. Transaction Fees: Fees from money transfers (Western Union, BGFIExpress, GIMACPAY), ATM withdrawals, card transactions, and account management services.
3. Bancassurance: Insurance products through Assinco subsidiary including Mobi Assur for connected devices, travel insurance, and card-linked insurance.
4. Specialized Financial Services: Revenue from subsidiaries including Finatra (consumer credit and leasing), BGFIBourse (brokerage), BGFICapital (investment banking), and LOXIA (microfinance).

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels4 records

Core offering

BGFIBank Group provides retail, corporate, and private banking services across 11 African countries through a network of 24 branches in Gabon, digital banking platforms (BGFIMobile, BGFIOnline), and an ATM network. The group is supplemented by specialized subsidiaries offering consumer credit and leasing (Finatra), microfinance (LOXIA), property and casualty insurance (Assinco), stock brokerage (BGFIBourse), investment banking (BGFICapital), and factoring (BGFIFactor). Money transfer services are delivered through Western Union, BGFIExpress, and the GIMACPAY mobile money interoperability platform across the CEMAC zone.

Product overview

BGFIBank Gabon operates as a diversified financial group offering a unified multi-channel banking platform alongside specialized subsidiaries. The core platform is delivered through physical branch network (24 branches), BGFIMobile (mobile banking app for Android/Windows/Apple), BGFIOnline (web banking), and card-based services (Visa Classic, Visa Gold, and Visa Prepaid cards). The platform is complemented by money transfer services including BGFIExpress (intra-group), Western Union (international), and GIMACPAY interoperability for CEMAC mobile money. Savings offerings span Le Compte Epargne, Compte Epargne Liberty, Compte Spécial Junior, and Dépôt à Terme. Lending products include Crédit FLASH, Crédit CASH, Crédit FLEX, Crédit AUTOFLEX, Crédit Rentrée Scolaire, and Cash 110%. Insurance products comprise Mobi Assur (device insurance) and card-linked travel insurance. The Group's specialized subsidiaries — BGFIBourse (stock brokerage), BGFICapital (investment banking), Finatra (consumer credit/leasing), LOXIA (microfinance), Assinco (P&C insurance), and Banque Privée (wealth management) — extend the core platform into complementary financial services. Account packages (Pack Odyssée, Pack Essentiel, Pack Privilège, Pack Okulu) bundle products across these categories.

Differentiator

Problem solved

Functional benefit

Brands

• BGFIExpress: Internal money transfer service of BGFIBank group enabling transfers between Cameroon, Congo, Equatorial Guinea and Gabon
• BGFIMobile
• BGFIOnline
• BGFIAlerte
• E-swift
• E-extrait
• Retrait sans carte
• GIMACPAY
• Mobi Assur
• Compte Epargne Liberty
• Compte Epargne
• Compte Spécial Junior
• DAT (Dépôt à Terme)
• Loxia
• Finatra
• BGFIBourse
• BGFICapital
• BGFIFactor
• ASSINCO
• BGFI Business School

Products and services

• BGFIMobile Mobile banking application for Android, Windows, and Apple smartphones providing two interfaces (Mobile Banking and Mobile Money) that enable account management, money transfers, bill payments, card reloading, GIMACPAY interoperability, and cardless ATM withdrawals for retail customers.
• BGFIOnline Web-based online banking interface allowing customers to access accounts 24/7, make domestic and international transfers across CEMAC, UEMOA, and other zones, and view term deposits and loans.
• BGFIAlerte Real-time SMS and email notification service alerting customers to all transactions on their accounts including withdrawals, deposits, and transfers.
• E-extrait Electronic bank statement delivery service sending monthly account extracts via email, with up to several months of online archiving.
• E-swift Email notification service confirming SWIFT international wire transfer execution, containing transaction details, beneficiary name, beneficiary bank, and sender information.
• BGFIExpress Internal money transfer service of the BGFIBank Group enabling transfers between Cameroon, Congo, Equatorial Guinea, and Gabon through the group's agency and LOXIA networks.
• Western Union Money Transfer International money transfer service through Western Union available at BGFIBank Gabon agencies and the LOXIA network, covering transfers to West Africa, Central Africa, Europe, and the rest of the world.
• GIMACPAY Mobile Money Transfer Wallet-to-wallet money transfer service via the GIMACPAY interoperability platform enabling transfers across the CEMAC zone (Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea, Chad), including cardless ATM withdrawals using generated codes.
• AirtelMoney and MoovMoney ATM Withdrawal ATM cash withdrawal service allowing AirtelMoney and MoovMoney mobile money customers to withdraw funds at BGFIBank ATMs in multiples of 5,000 FCFA, available 24/7.
• Cardless ATM Withdrawal Cardless cash withdrawal feature within BGFIMobile allowing customers to generate withdrawal codes for third parties to collect cash at BGFIBank ATMs without a physical card.
• Visa Prepaid Card Prepaid Visa card available from 15,000 FCFA enabling cardholders to access a range of payment and withdrawal services.
• Visa Classic Motion Code Card Standard Visa debit card with Motion Code dynamic security feature and 3D Secure authentication, included in the Pack Odyssée and Pack Okulu account packages.
• Visa Gold Motion Code Card Premium Visa debit card with Motion Code dynamic security feature and 3D Secure, offering elevated spending and withdrawal limits; included in the Pack Privilège premium account package.
• Le Compte Epargne (Savings Account) Standard savings account with 4.25% annual interest rate, 100,000 FCFA initial deposit, maximum remuneration capped at 5,000,000 FCFA, available for withdrawal at any time.
• Compte Epargne Liberty Savings account accessible without a prior current account, requiring 100,000 FCFA initial deposit, earning 3.5% interest on capital up to 10 million FCFA, bundled with a Visa Prepaid card.
• Compte Spécial Junior Savings account for children under 21 years old with 50,000 FCFA initial deposit, 4.5% annual interest rate capped at 10 million FCFA, converting to a current or standard savings account at majority.
• Dépôt à Terme (DAT) Term deposit product with minimum investment of 1,000,000 FCFA and minimum duration of 3 months, with negotiable interest rate and automatic renewal based on market conditions.
• Crédit FLASH Personal Loan Quick personal loan up to 5,000,000 FCFA with maximum 12-month repayment term and 3-day minimum processing time.
• Crédit FLEX Personal Loan Medium-term personal loan up to 20,000,000 FCFA for larger projects (real estate, vehicles, weddings, travel) repayable over 48 months with 7-day minimum processing time.
• Crédit Rentrée Scolaire Seasonal education loan up to 5,000,000 FCFA for school fees and supplies with flexible 12-month repayment terms.
• Mobi Assur Mobile device insurance product covering smartphones, tablets, GSM phones, and connected watches against accidental breakage, theft, fraudulent communication, and SIM replacement costs, in partnership with Assinco.
• Card-Linked Travel Insurance Travel insurance bundled with Visa cards covering baggage damage, trip cancellation, accident-related death and disability capital payments, medical repatriation, civil liability, legal assistance, and document replacement.
• Banque Privée (Private Banking) Private banking division offering wealth management, investment banking, and personalized daily banking services for high-net-worth individuals.
• LOXIA Microfinance Microfinance subsidiary (EMF) providing credit, savings, and payment services, complementing traditional banking with financial inclusion for unserved populations through LOXIA branches in Libreville, Port-Gentil, Franceville, and Lambaréné.
• Finatra (Consumer Credit & Leasing) Consumer credit and leasing subsidiary offering personal loans, vehicle financing, and equipment leasing under the unified brand following the BGFIBail and Finatra merger, approved by COBAC in 2010.
• Assinco Insurance Property and casualty insurance (IARD) subsidiary acquired by the Group in 2011, providing insurance products including the Mobi Assur bancassurance offering.
• BGFIBourse (Brokerage) Stock market brokerage subsidiary providing securities trading, portfolio management, and structured financing operations on the regional financial market.
• BGFICapital (Investment Banking) Investment banking subsidiary offering M&A advisory, business valuation, financing advisory, business succession planning, and asset optimization services, created in 2010 to support state and private/public companies.
• BGFI Cash Management Corporate cash management solution providing treasury and liquidity management services for business clients.
• BGFISecure Corporate security solution for managing business payment cards and expense controls within the enterprise banking division.

Quantifiable outcome

• 45% market share in Gabon, projected to exceed 50%
• +2 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• ANPI (Agence Nationale de Promotion des Investissements)coreStrategic or Co-development Partner · 8 March 2025Partnership to support female entrepreneurship in Gabon. BGFIBank Gabon, in collaboration with ANPI, launched a training program for 36 women entrepreneurs covering business management, personalized coaching, and access to financing mechanisms. Program funded entirely by BGFIBank Gabon from March 7-21, 2025.
• Western Union InternationalcoreStrategic or Co-development Partner · 10 August 2021BGFIBank Gabon renewed partnership with Western Union International for money transfer services. The network of BGFIBank and LOXIA branches became the primary Western Union agents in Gabon with over 60% market share. Transfer fees: 7% for Africa/Europe zones, 5% for rest of world. Monthly sending limit of 1,000,000 FCFA per issuer.
• COFACEsupportingTechnology or Integration · 1 January 2009Partnership with COFACE (Compagnie Française d'Assurance pour le Commerce Extérieur) for factoring services through BGFIFactor. COFACE opened a representation office in Libreville in 2009 to support the factoring business.
• GIMACPAYcoreTechnology or IntegrationMobile money interoperability platform enabling cross-network transactions across CEMAC zone (Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea, Chad). BGFIBank participates as both issuer and acquirer of interoperable transactions.
• Airtel Money and Moov MoneysupportingTechnology or IntegrationPartnership enabling ATM cash withdrawals for Airtel Money and Moov Money customers at BGFIBank ATMs in multiples of 5,000 FCFA. Available 24/7 across BGFIBank Gabon ATM network.
• Visa InternationalcoreTechnology or IntegrationCard network partnership for Visa-branded cards including Classic, Gold, and Prepaid cards. BGFIBank Gabon achieved PCI DSS certification and won Best Visa Solution for Enterprises award at Visa CEMAC Client Summit 2025.

Scale indicators8 records

Recent moves15 records

Expansion highlights6 records

Regional players

• Commercial Bank of Cameroon (CBC): Major commercial bank headquartered in Cameroon (the largest CEMAC economy). Comparable as a CEMAC-zone commercial bank offering retail, corporate, and digital banking services, competing with BGFIBank in cross-border trade and corporate banking flows.
• Rawbank (DRC): Largest private commercial bank in the Democratic Republic of Congo. Comparable to BGFIBank as a private, multi-product bank focused on retail, corporate, and trade finance in a single high-growth CEMAC/Central African market where BGFIBank also operates.

Broad incumbents

• Standard Bank Africa: Africa subsidiary of Standard Bank Group with operations across multiple African markets. Comparable to BGFIBank as a diversified financial services group serving retail, corporate, and investment banking clients across the continent.
• United Bank for Africa (UBA): Pan-African bank operating in 20+ African countries plus global offices, with strong presence in CEMAC/West Africa. Comparable as a multi-country commercial and digital bank competing for the same retail and corporate customers in Gabon and surrounding markets.
• Ecobank Group: Largest pan-African banking group with presence across 35+ African countries, including strong franchises in CEMAC (Cameroon, Gabon via earlier presence, Congo). Directly comparable to BGFIBank as a multi-country African commercial banking group with retail, corporate and digital banking offerings.
• Société Générale Afrique (SG): Major French banking group with multi-country presence across CEMAC countries (Cameroon, Côte d'Ivoire, Senegal, DRC). Comparable to BGFIBank as a foreign-affiliated banking group offering full-service retail, corporate, and investment banking in BGFIBank's key markets.

Direct peers

• Afriland First Group: CEMAC-focused financial group headquartered in Cameroon with banking and microfinance operations in multiple Central African countries. Closest direct regional peer to BGFIBank, competing head-to-head in retail, SME, and microfinance across the same CEMAC footprint.
• Oragroup / Orabank: West and Central Africa-focused banking group with operations across UEMOA and CEMAC zones. Directly comparable to BGFIBank as a multi-country regional bank pursuing digital transformation and serving retail, SME, and corporate customers in overlapping geographies.
• Banque Internationale pour le Commerce et l'Industrie (BICI): Commercial bank with strong presence in CEMAC (particularly Gabon) affiliated with BNP Paribas. Direct competitor to BGFIBank in retail and corporate banking in Gabon, with similar focus on digital channels and trade finance.
• Banque Sahélo-Saharienne pour l'Investissement et le Commerce (BSIC): African cross-border bank with operations across multiple CEMAC and Sahelian countries, owned by Libyan foreign investment entities. Comparable as a multi-country regional commercial bank offering retail, corporate, and correspondent banking services in markets that overlap with BGFIBank's footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/BGFIBankGroupe
• Xx.com/groupebgfibank
• LinkedInlinkedin.com/company/bgfibank-group

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries18 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 BGFIBank Group