The Orabank Group has opened a regional and international trading room in Lomé, Togo.
Orabank Group said it was part of its ambition to support its customers to actively contribute to the financing of the private sector, to optimize the mobilization of local savings and to stimulate growth in African financial markets.
The bank plans to position itself as a financial intermediary that places the bank at the heart of financial exchanges in the countries where it operates, to serve private and institutional clients, both in Africa and internationally, as well as other regional banks.
The trading room will enable the bank to intervene on the foreign exchange market in the monetary areas where its subsidiaries are established. The Orabank Group wishes to be a key player in the UEMOA money market and to play a leading role in boosting the secondary market for government securities.
“This new step illustrates the dynamic of our Group characterized by a strong performance in 2016 and an upward trajectory in 2017, combining profitability, commercial development and innovations, particularly in the deployment of digital solutions.
He added that “In 2018, Oragroup is set to accentuate its growth along with its values of humanity, commitment, and rigor in order to contribute to the development of the African financial sector as a central engine of our economies. That is our collective will”, says Binta Touré Ndoye, CEO of Oragroup.