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Vista Bank Group

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(Redirected from Vista Bank (Africa)) Banking group in Africa For other banks of the same name, see Vista Bank.

Vista Bank is a banking group in Africa, controlled by Burkina Faso-born financier Simon Tiemtoré [fr]. It has been described as one of a new cohort of multinational banking groups in Africa, together with Coris Bank.

Overview

In 2016, Tiemtoré set up a holding company in New York City, Lilium Capital, through which he acquired the distressed First International Bank (FIBank), a lender based in the Gambia with operations in Guinea and Sierra Leone, which he renamed Vista Bank in 2021.

In 2020, Vista Bank announced its acquisition of the stakes held by BNP Paribas in two banks, BICIGUI in Conakry, Guinea and BICIAB in Ouagadougou, Burkina Faso. BICIGUI was renamed Vista Guinée (VistaGui) in July 2021.

In August 2023, Vista announced an agreement to acquire a majority stake in distressed multinational banking group Oragroup based in Lomé, Togo, but the acquisition process failed to obtain regulatory approval and was eventually terminated after a year. In December 2023, Vista announced the acquisition of Société Générale's majority stakes in its respective subsidiaries in Burkina Faso and Mozambique. The latter transaction was finalized in August 2024.

See also

References

  1. "French Banks' Exit from Africa to Spur Local Banks' Growth, Competition". Fitch Ratings. 26 April 2024.
  2. ^ Omar Ben Yedder (18 September 2023). "Banking expansion just the start for Lilium Capital". African Business.
  3. "FIBank is now Vista Bank (Gambia) Limited". B&FT Online. 23 February 2021.
  4. Ristel Tchounand (19 October 2020). "Banques : Simon Tiemtoré s'offre les filiales de BNP Paribas au Burkina Faso et en Guinée". La Tribune Afrique.
  5. Mamadou Aliou Diallo (30 July 2021). "Guinée : Vista Bank officialise l'acquisition de la Bicigui qui devient Vista Guinée". Financial Afrik.
  6. "Facing Acquisition Roadblocks, Oragroup Turns to Recapitalization". Ecofin Agency. 29 August 2024.
  7. "Societe Generale signs agreements to sell two subsidiaries in Africa to Vista Group". Société Générale. 7 December 2023.
  8. "Vista Group Holding finalise l'acquisition de Banco Société Générale Moçambique SA". Le Faso.net. 8 August 2024.


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