Banque de Gestion et de Financement
| BGF | |
Native name | Banque de Gestion et de Financement |
| Predecessor | Société de Gestion et de Financement (SOGEFI) |
| Founded | 1 April 1996 |
| Headquarters | 30, Blvd de la Liberté, Bujumbura , Burundi |
  BGF Headquarters BGF Headquarters (Burundi) | |
| Website | bgf |
The Management and Financing Bank (French: Banque de Gestion et de Financement), or BGF, is a bank based in Bujumbura, Burundi.
History
[edit]The Société de Gestion et de Financement (SOGEFI) was created in 1992 by a group of businessmen, with no public office. On 1 April 1996 the BGF was created by the same group as a commercial bank, taking over the assets of SOGEFI. The bank managed deposits, withdrawals, credit, exchange, investment, treasury, discount of effects, commissions and resumption of participation.[1] Capital was 600 million BIF in 1996, and equity was 430 million BIF.[2]
BGF expanded into several provinces of Burundi. As of 2024 it had 9 public offices in Bujumbura Mairie, and had opened 16 agencies:[1]
- Headquarters (1996)
- Mwaro (1999)
- Gatumba (2001)
- Kayanza (2004)
- Ngozi (2004)
- Muyinga (2004)
- Rumonge (2006)
- Makamba (2007)
- Orée du Golf and Gitega (2011)
- Ruyigi (2012)
- Avenue du Commerce (2014)
- BCM (2018)
- Muramvya (2019)
- Petro Muha (2020)
- Kinindo (2023)[1]
As of 2008 BGF had 146 employees in eight branches. It had 32.7 billion BIF in assests, 22.7 billion BIF in deposits and 20.1 billion BIF of loans.[3] It had 13,632 accounts, about 10% of the total in Burundi at that time.[4]
In April 2021 the bank celebrated its 25th anniversary in Bujumbura at a ceremony attended by Prosper Bazombanza, vice-president of Burundi. By 2021 capital was 27 billion BIF and equity was 33 billion BIF. The bank was entirely owned by private citizens of Burundi.[2]
In April 2021 the Trade and Development Fund of the TDB Group issued a partial risk guarantee facility of 500 million BIF to the Women's Initiative for Self-Empowerment (WISE), a micro-finance institution established in 2007. This would allow WISE to borrow 1 billion BIF, or about US$510,000, from BGF, which WISE would lend to women as small and medium enterprise loans, particularly in agribusiness and trade.[5]
In 2024 BGF was one of ten banks that had been approved by the Banque de la République du Burundi (BRB) as a Treasury Valuation Specialist.[6]
See also
[edit]References
[edit]Sources
[edit]- Barangenza, Laurent (2 May 2021), "La BGF Célèbre son jubilé d'argent", Radio Télévision Nationale du Burundi (in French), retrieved 2024-10-31
- Historique de la BGF (in French), BGF, retrieved 2024-10-30
- Liste des SVT (in French), Banque de la République du Burundi, retrieved 2024-10-30
- Nkurunziza, Janvier D.; Ndikumana, Léonce; Nyamoya, Prime (August 2012), The Financial Sector in Burundi (PDF), National Bureau of Economic Research, retrieved 2024-10-31
- TDB Group unlocks funding for women-led small and medium enterprises in Burundi via its SME programme, TDB Group, 20 April 2021, retrieved 2024-10-31