Abidjan, August 16, 2022 – The Orabank group announces that its subsidiary Oragroup Securities has obtained approval as a Management and Intermediation Company (SGI).

The approval was granted by the Regional Council for Public Savings and Financial Markets (CREPMF) in its decision No. CREPMF/2022/119 of August 5, 2022.

Oragroup Securities has a capital of 2.5 billion FCFA and its head office is in Abidjan, Côte d'Ivoire. Backed by an ambitious development plan, Oragroup Securities plans to work in perfect synergy with all the subsidiaries of the Orabank group in order to offer a new quality of service experience to its clients in the public and private sectors.

This new subsidiary of the Orabank group also reflects the Group's asserted strategy to accentuate its positioning on the regional financial market of the WAMU with innovative and diversified products.

Oragroup Securities expects an effective start of its activities in the coming months after the finalization of some regulatory and operational due diligence.