Government funding - The Banque Sino-Congolaise pour l'Afrique opens a branch in Pointe Noire
04 May, 2017
After opening its branch in July 2015 in Brazzaville, the BSCA (China-Congo Bank for Africa) officially opens a branch in the economic capital city
The opening ceremony took place on May 4, 2017 at Atlantic Palace Hotel in Pointe Noire in the presence of the Minister of Finance adviser, Mr. Armel Fridelin Mbouloukoue, the chairman of the Board of Directors, M. Rigobert Roger Andelly, the Mayor of Pointe Noire, Mr. Roland Bouity Viaudo, the representative of the Agricultural bank of China, the representative of the Bank of the Central African States(BCAS) and of many guests.
It is in a difficult economic situation that the branch of the BSCA is opening in the economic capital city, where there are a great number of big companies to which it can offer a set of classic and modern products - bank cards, visa card, Union pay card, BSCA, DAB, GAB card and online banking. It aims at offering 24 hours electronic deposit and withdrawal services, at stopping queues at counters and supporting the special economic zone of Pointe Noire where a mineral port and the Wingmat oil company will be established.
Case for choosing the BSCA
The BSCA ensures the safety of funds by way of a good organization and a strict internal control; a quick transfert of money in 48 hours, the granting of a swift code in 24 hours . Many ATMs will be opened in Congo, so that customers can benefit from a set of unlimited tax free withdrawal transac-tions. The agricultural Bank of China is a shareholder and a strategic partner of BSCA. It has consequent financial means because it is the biggest bank operating in the Economic and Monetary Community of Central Africa(CEMAC).
The BSCA has three categories and thirteen series of products and services - among others, current accounts, savings accounts, fixed term deposits, appropriations and overdrafts; payments and settle-ments; surety and bounding, financing of international trade; exchange and foreign currency, interna-tional transfers...
The bank short term aim is to open additional points of sale in business areas, while improving its self assistance and implementing aid coverage. The BSCA will open ATMs in Pointe Noire for better services to customers.
At the end of the first term of 2017, it noted almost 5% of market shares deposit and 30% market shares for public funding.
The BSCA is the result of the good political, economic and commercial relations which have been existing for 53 years between Congo and the People's Republic of China.
