English
Ouagadougou, 08 August 2024 – Vista Group Holding is pleased to announce that it has completed its acquisition of 100% of Banco Société Générale Moçambique (BSGM), which will further expand its presence in Africa. BSGM which has eight branches, will be renamed Vista Bank Moçambique.
Simon Tiemtore, Chairman of Vista Group Holding, said: “Our acquisition of Banco Société Générale Moçambique represents an important milestone in Vista Bank Group’s journey towards its goal of becoming a world-class pan-African financial services group, with the aim of operating in 25 countries by 2026. The new acquisition increases the Group’s support and impact in driving economic growth and financial inclusion in Africa. Following this acquisition, we are now operating in five countries: Burkina Faso, The Gambia, Republic of Guinea (Conakry), Mozambique and Sierra Leone.”
The Vista Group, which is owned by Lilium Group LLC, offers a full range of innovative banking products, solutions and services that are accessible to everyone, including individuals, small and medium-sized enterprises (SMEs), businesses and governments, helping to promote financial inclusion, economic growth and prosperity in its countries of operation.
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Media Contact
Laetitia Camara
lcamara@vistabankgroup.com
About Vista Group
Vista Group is a financial services’ holding company which has the objective of building a world-class pan-African financial institution group that contributes to economic growth and financial inclusion in Africa. Vista has entered into strategic partnerships with various global financial institutions to drive its growth strategy by focusing on MSME (SME banking, leasing, factoring, mesofinance, women’s banking, etc.), trade and supply chain finance, corporate banking and bancassurance. Through these partnerships, Vista also aims to increase profitability while reducing operating costs and mitigating risk. Vista Group is focused on maximising the opportunities in its respective markets to become the financial institution of choice through its innovative banking and insurance products.