Banque Sahélo saharienne pour l'Investissement et le Commerce

B.S.I.C. BURKINA FASO - S.A. Siège Ouagadougou

Sonia JOHNSON — 2010-11-26T10:18:32Z

Téléphone : 00 226 50 32 84 01 / 05

Fax : 00 226 50 30 21 22

Télex : 5560

Code swift : BSAHBFBF

Adresse : Av. du Dr. Kwamé N'KRUMAH, 10, B.P. 13701 - Ouagadougou - Burkina Faso

Email :bsicburkina@bsic.bf

Goals

Sonia JOHNSON — 2010-04-06T09:28:27Z

Main goal:

Our bank's main goal is to contribute to the socio-economic development of member states. We plan to achieve this through the provision of all banking, financial and commercial services including foreign trade funding and investment projects.

Means of action

Sonia JOHNSON — 2010-04-06T09:27:44Z

A 500 million euros authorized capital
A network of subsidiaries in Benin, Burkina Faso, Gambia, Ghana, Libya, Mali, Niger, Senegal, Sudan, Chad, Togo) and soon also in CAR, Cote d'Ivoire and Guinea Conakry.
A group of corresponding banks throughout the world.
Cooperation with other regional, international financial institutions and investment guarantee agencies
A cutting edge IT-based management System
A banking training centre.

Presentation

Sonia JOHNSON — 2010-04-06T09:26:10Z

Sahel-Saharan Investment and Trade Bank, BSIC, is a regional financial institution of the Community of Sahel-Saharan States established through a convention signed on April 14, 1999 in Syrte, Lybia with a 500 million euros capital entirely provided by the 13 (thirteen) shareholder states.

Governing bodies :

The General Assembly, the supreme organ of the bank, composed of finance ministers of member states and proxies of shareholding institutions

General management :

composed of :

M. Alhadi Mohamed ALWARFALLI, Chairman and General Manager
Dr Mohamed Kheir AL- ZUBEIR, Deputy General Manager.

The group is made up of 11 operational subsidiaries, 3 still under construction, a banking training centre located in Bamako together with an IT centre at the headquarters in Tripoli.

Our operational subsidiaries are now solidly established in their respective markets and gradually expanding their market share.

The board of directors

Names	Title	Country
Mr.Alhadi M. ALWARFALLI	Chairman General Manager	Libya
Dr. Saber Mohamed HASSAN	Vice Chairman	Sudan
Mr. Fawzi MOGASSABI	Director	Libya
Mr. Abdullah KHALIFA	Director	Libya
Dr. Ali EL- HUNI	Director	Libya
Mr. Mahmoud SHAWESH	Director	Libya
Mr. Sambou WAGUE	Director	Mali
Mrs Halimatou DIOP	Director	Senegal
Mr. Noël KABORE	Director	Burkina-Faso
Mr. Mod SECKA	Director	Gambia
Mr. Adam DENDE AFFO	Director	Benin
Mrs Habiba SAHOULIBA	Director	Chad
Mr. Mongo AHARH-KPESSOU	Director	Togo
Mr. Mohamed Hamil MAIGA	Director	Niger

Inspection of activities

Sonia JOHNSON — 2010-04-06T09:23:17Z

Inspection of activities both at headquarters and subsidiary levels is carried

The Department in charge of Subsidiaries.
The Inspection Department.
The Internal Auditing Department within each subsidiary.
The various auditors (at headquarters and subsidiary levels).
BSIC's International Auditor: in order to maintain the group's image integrity, BSIC has contracted the services of an international auditing firm.

Key figures

Sonia JOHNSON — 2010-04-06T09:22:05Z

On 31/12/06

Authorized capital: 250 million euros
Consolidated balance sheet: 585 million euros, a 72% increase compared to the 340 million euros of 31/12/2005
Usage: 250 million euros
Customer deposits: 311 million euros
Profit: 3 million euros
Staff: 568

Introduction

Sonia JOHNSON — 2010-04-05T14:02:04Z

The Community of Sahel-Saharan States (CEN-SAD) was established by the Treaty signed by the Leaders and Heads of State of member countries on Feb 04, 1998 in Tripoli, convinced that working together for integration and complementarity is the best way to achieve the integration of the States and Peoples of the Sahel-Saharan region.

The idea of the creation of a regional bank was highlighted in Article 4 of the Treaty. The Convention on establishment of the Sahel-Saharan Investment and Trade Bank, BSIC, was signed on April 14, 1999. BSIC is a regional banking institution that provides financial and trade services including funding of foreign investment and foreign trade.

BANKING TRAINING CENTRE

Sonia JOHNSON — 2010-04-05T14:01:13Z

Téléphone : 00 223 220 67 60

Fax : 00 223 220 67 60

Adresse : Magnambougou - Faso Kanou, B.P. 1345 - Bamako - Mali

Email : cfbbsic@yahoo.fr

Banking training centre

Sonia JOHNSON — 2010-04-05T13:54:24Z

The group's banking training centre was the result of its desire to provide its subsidiaries with a highly qualified staff through its continuing education and staff skills improvement programmes covering every banking field (banking operations, financial analyses, marketing, risk management, IT, internal auditing, etc. …)
The centre's trainers are highly qualified professionals in the banking sector (chartered accountants, bankers, financial analysts, IT experts, etc. …)

Branches

Sonia JOHNSON — 2010-04-05T13:51:02Z

As trade banks:

They provide banking and financial services through modern payment tools
They fund various banking operations especially their customers' operation requirements (working capital, commercial papers, guarantees and sureties, etc....)
They fund foreign trade transactions.
They take part in financing campaign credits for the marketing of basic primary products.

As investment banks:

They provide funding to private and public sector firms for their investment projects