Banking : after Orabank takeover, Vista Bank form a leading banking group representing combined total assets of over $10 billion

The Vista Bank financial group continues its conquest of the Guinean market. After acquiring Bicigui from France’s Banque Nationale de Paris (BNP Paribas), the Burkina Faso-based group has just completed its bid to buy Orabank, which has several branches in Guinea.

 « Having reached an agreement with ECP, BIO, DEG, Proparco and Envol Afrique to purchase, subject to regulatory approval, 61.4% of the shares of Oragroup S. A, the Lomé-based holding company of Orabank, which operates in twelve West and Central African countries (Togo, Côte d’Ivoire, Benin, Senegal, Burkina Faso, Guinea, Guinea-Bissau, Mali, Niger, Chad, Gabon, Mauritania) with total assets of $7.7 billion by the end of 2022, the group said in a press release. The two entities (Vista Group and Oragroup) will form a leading banking group operating in 16 countries with over 270 branches and representing combined total assets of over $10 billion. »