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SONAM and Sen Re quit Banque Atlantique’s capital

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Magazine Issue: 
The advent of «AssurTech» [3]
Magazine date: 
Feb 2018

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

Source URL: https://www.atlas-mag.net/en/article/sonam-and-sen-re-quit-banque-atlantique-s-capital

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[3] https://www.atlas-mag.net/en/issue/the-advent-of-assurtech
[4] http://www.atlas-mag.net/en/category/pays/Senegal