CEMAC: Savings and Credit Region Launches Quotes on BVMAC

La Régionale SA is the first savings and credit institution registered with the BVMAC after the merger of the Central African financial market.

The Central African Stock Exchange (BVMAC) has registered in the first listing of La Régionale d’Epargne et de Crédit SA in the share segment called “ACTION REGIONALE”. All securities issued on July 16, 2021 by LA REGIONALE in the primary market, that is, sixty-one thousand six hundred and thirty (61,630) shares, were listed in “cell A” of the permanent listing of BVMAC.

If this introduction brings the number of companies making up the stock market to five, La Régionale SA will become the first savings and credit institution, four previous companies were agri-food companies, in this case SEMC, SAFACAM, SOCAPALM and SIAT Gabon.

“There are many advantages to going public. For the company, this is, first of all, diversification of funding sources, gaining leadership in its sector of activity, as well as increasing its popularity and trust from all interlocutors. It is also an increase in local and international awareness of the company, recruitment, ”said BVMAC CEO Jean Claude Ngbwa, not forgetting to remind that LA REGIONALE was the first company to be included in the list of securities in two years. after the merger of the Central African financial market.

This IPO is taking place in a special context, marked by the ongoing structural change in the status of this company, which is to move from a microfinance institution (EMF) to a universal bank with a minimum capital of 10 billion francs in accordance with the provisions of the strength of the Central African Banking Commission (COBAC). As a prelude to this operation, this EMF recently conducted a public offering in order to increase its capital.

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