Advans Banque Congo
Advans Banque Congo S.A., commonly referred to as Advans Banque, is an independent commercial bank based in the Democratic Republic of Congo, with its headquarters located in Kinshasa.
| Type | Private |
|---|---|
| Industry | Banking |
| Founded | October 8, 2008 |
| Headquarters | Avenue du Bas Congo, N°4, Kinshasa, DRC |
| Products | Loans, Checking, Savings |
Number of employees | 360 |
| Website | Advans Banque Congo |
History
Advans Banque Congo was incorporated in July 2008 and granted a commercial banking license in May 2009 by the Central Bank of Congo.[1]
In March 2020, Proparco lent $3 million to Advans Banque Congo.[2]
Description
The bank has a particular focus on the provision of financial services to micro, small and medium Congolese enterprises as its niche market.[3] Advans Banque operates 10 branches in four Congolese cities.[2]
Advans Banque Congo is a venture between Advans SA (formally knows as Lafayette investment), a venture capital firm registered in Luxembourg as majority shareholder with KfW Entwicklungsbank, African Development Bank, International Finance Corporation and Horus Development Finance as minority shareholders in the venture. Advans SA aims to establish microfinance financial institutions in emerging economies. Advans SA owns microfinance institutions in the Democratic Republic of the Congo, Cameroon, Ghana, Cambodia, Pakistan, Cote d'Ivoire and Tanzania.[4]
| Advans Banque Congo Stock Ownership[2] | ||||||||||||||||||
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References
- MicroCapital - Advans Banque Congo
- "Microfinance : Proparco en soutien d'Advans en RDC – Jeune Afrique". JeuneAfrique.com (in French). 2020-03-10. Retrieved 2021-05-17.
- Advans Banque Congo Historique Archived July 7, 2013, at the Wayback Machine
- "Site Suspended - This site has stepped out for a bit". microfinanceafrica.net. Retrieved 2017-09-07.