The Group SONAM Assurances and Société Sénégalaise de Réassurance (Sen Re) are quitting the capital of Banque Atlantique Sénégal, a subsidiary of the Moroccan holding, Banque Centrale (BCP).
Both Senegalese partners, detaining a combined 34% stake since 2006, explain this decision by the bank’s lack of profitability following a accumulated losses.
More news:
- The insurance industry in Senegal [4]