"Sino-Congolese Bank for Africa": building has started Colour marking added by me. Watch them... a hint to the pending financing ways ?
Machine translation follows.
source:
https://www.lesdepechesdebrazzaville.fr/ --------------------
Economy
Sino-Congolese Bank for Africa: Denis Sassou Nguesso laid the first stone
Saturday, February 27, 2016 – 11:25
The banking structure, including the President of the Republic of Congo officially launched its place of construction on 26 February in Brazzaville, will finance all sectors of the Congolese economy, agriculture including and also promote the economic emergence the African continent.
The overall cost of the seat of the Sino-Congolese Bank for Africa (BSCA.Bank) equipped amounted to 30 billion FCFA. The work of the work, up to five storeys, will end in the fourth quarter of 2017. "The BSCA.Bank contribute to the substantial improvement in the quality of banking services in Congo and Africa (...) take part the sound financing of the emergence of the country and the continent, " said the chairman of its Board of Directors, Rigobert Roger Andely, reading out the Beijing Protocol, birth certificate of the said bank. In truth, from the BSCA.Bank will have a national vocation. Then she will run at the Economic and Monetary Community of Central Africa before conquering the continent.
Nationally, the deployment program of the banking structure provides for the opening of the Pointe-Noire agency on 1 st July 2016. The doors of a second in Brazzaville will open on 30 September of the same year. 30 ATMs will be installed in neighborhoods of the capital city and the ocean town. The other ten departments of the country will not be marginalized. From 2017, the BSCA.Bank gradually open branches or offices inside the country.
Social capital in the creation of BSCA. Bank amounted to over 53 billion CFA francs. A record broken for francophone African countries, stressed Rigobert Roger Andely. This capital is fully subscribed and fully paid, he said. The simple reading of the participation of shareholders instead of China Agricultural Bank in the lead with 50% (LAC). Ranked 3 rd rank in China and 5 th worldwide, the BAC was represented by its vice-president during the laying of the first stone. Moreover, the contribution of the Congolese state is 12%, the National Society of the Congo oils 15%, the group of eight Congolese and French private shareholders 21.5% and 1.5% of the company MagMinerals Potash Congo.
For the Minister of Economy, Finance, Budget and Public Portfolio Ondongo Gilbert, the BSCA. Bank eleventh commercial bank based in Congo, is welcome. The actual need of Congo's public and private investment funding amounts per year on average to 5000 billion he explained, adding that the banking system in its current form covers only the 5 th of this need. " We encourage the new bank to deploy all its financial power can contribute to make the Congo the first financial center of Central Africa " , said the Congolese Minister of Economy.
[img]https://www.adiac-congo.com/sites/default/files/dsc_0222_fileminimizer.jpg [/img]
Nuance…
The BSCA. Bank is open to the public on 1 st July 2015. The act by the President Denis Sassou Nguesso, on February 26, is not related to the operationalization of the bank but to the construction of seat intended for it.
For the mayor of Brazzaville, Hugues Ngouelondl, the presence of BSCA.Bank is a sign of the credibility enjoyed by the Republic of Congo vis--vis foreign partners including China. Proof that cooperation between China and Congo is well and augurs a bright future.
Dates retenir…
12 juin 2014 : signature du Protocole de Pkin, portant cration de la BSCA.Bank, entre le prsident de la Rpublique du Congo, Denis Sassou N’Guesso, et son homologue chinois Xi Jinping.
05 dcembre 2014 : signature du Pacte des actionnaires Brazzaville, capitale congolaise ; 15 dcembre de la mme anne : assemble gnrale constitutive des actionnaires.
12 mars 2015 : avis conforme de la commission.
20 mars-30 avril 2015 : formation du personnel congolais la Mauritius commercial Bank-MCB Port Louis.**
02 mai-20 juin 2015 : formation du personnel congolais Guangzhou (Chine).
28 mai 2015 : signature et publication de l’agrment bancaire.
1er juillet 2015 : ouverture de la BSCA.Bank au public.
02-06 juillet 2015 : visite au Congo du vice-prsident de la Banque Agricole de Chine, principale actionnaire de la BSCA.Bank.
26 fvrier 2016 : pose de la premire par le prsident Denis Sassou N’Guesso.
Rominique Nerplat Makaya
-----------------------
** is this a connection to the “Elemental Minerals” main shareholder, which is the postbox company “SUMMIT Private Equity”, Mauritius ?!?