SONAM and Sen Re quit Banque Atlantique’s capital

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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.

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Mon, 26/02/2018 - 15:27
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