Orabank is committed to financing the development of sub-Saharan Africa’s economies, to boosting productivity and to helping entrepreneurship thrive.
Contribution to the dynamism of the local economy
The bank’s operations have an economic and social footprint: they contribute to regional employment and development levels, and influence socioeconomic change. Banks play a part in financing the economy and form a crucial link in the development chain.
The diversity of our customers
Our business customers include small and medium-sized enterprises, but also large corporates that are destined to be major economic agents. We support them with their growth, by helping with increasingly specific financing needs.
A local bank
The quality of our service, our closeness to our customers, our responsiveness and strength, and the existence of a platform that is regional and consistent set Orabank apart within the marketplace.
The group offers its customers major benefits:
- Knowledge of the African continent
- A dense network of correspondent banks
- A workforce made up of nationals of African and non-African countries.
Strategic priorities for developing customer bases
The Orabank group has received €40 million under a financing agreement signed with the Islamic Corporation for the Development of the Private Sector (ICD) in December 2017. In the coming months, those funds will enable the exclusive financing of eligible projects implemented by small and medium-sized enterprises operating in the ICD’s member states.
Orabank, the French Development Agency (AFD) and the European Union have created a Mesofinance Unit. The purpose is to improve access to bank financing for microenterprises/SMEs, which mainly operate in the informal sector and account for 98% of economic activity.