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Responding to Climate Change 2011

Home | Regions & Cities | CCEI Bank GE Opportunities & incentives in Equatorial Guinea
 
Joseph Celestin Tindjou, General Manager, CCEI BANK GE.
Joseph Celestin Tindjou, General Manager, CCEI BANK GE.

Opportunities and incentives in
Equatorial Guinea

CCEI Bank GE

The challenge of, and potential results from, reinventing Africa, the continent of the future, is never more evident than at these high-level conferences. Africa is a land rich in natural resources, with few historical industrial limitations, and able to shape its economic future. The increasingly peaceful, social and political climates, as well as attractive investment opportunities, are important factors in making countries like Equatorial Guinea appealing to foreign investors.

CCEI BANK GE, a PLC with a share capital of US$20 million is affiliated to Afriland First Bank Group. Established in 1994, before the oil boom, a period when very few international major groups could risk investing in Equatorial Guinea, it is the most important local bank and one of the leading ones in the sub region of Central Africa.

The bank achieved this success thanks to the customer proximity achieved from a strategic network of five branches (Malabo, Bata, Ebibeyin and Mongomo) across the country.

Revenues, net profit, total balance sheet, loans and customer deposits have developed exponentially. With more than 80% market share in terms of credit and 60% in terms of deposit, CCEI BANK GE is the key player in the banking sector in Equatorial Guinea.

The increasingly peaceful, social and political climates, as well as attractive investment opportunities, are important factors in making countries like Equatorial Guinea appealing to foreign investors.

From 2007 to 2009: the credit portfolio significantly increased from over US$300 million to over US$800 million. In the same period, total deposits moved up from US$500 million to reach US$900 million. The total balance sheet as of 31 December 2009 shows US$1,000 million.

Its financial soundness, the mastering of the local business environment and a multilingual staff (Spanish, French and English) make CCEI BANK GE a reliable local service, supporting national or multinational companies and easing their way to do business in Equatorial Guinea.

Map of Equatorial Guinea

There are real opportunities in every sector of the economy of this country. Right now, apart from the oil and gas sector that have been flourishing for couple of years, the infrastructure sector (road, building, airports, ports, hospitals, university etc.) is also exploding. The country’s sound financial situation has been reinforced with recent gas revenues and shows that the business potential remains very high. Companies are coming from all over the world.

The major actors in economic environment are from the US, Morocco, Egypt, China, France, Israel, Latin America, Korea and other African countries. It is highly recommended to foreign investors to come and assess on their own, the full potential of this dynamic economy. Equatorial Guinea offers excellent incentives and safe opportunities to potential investors.

CCEI Bank GE logo
CCEI Bank GE
www.cceibankge.com

 
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