Banque commerciale du Congo
| Type | Private |
|---|---|
| Industry | Banking |
| Founded | 1909 |
| Headquarters | Kinshasa, Democratic Republic of Congo |
Key people | Yves Cuypers |
| Products | Loans, Transaction accounts, Savings, Debit Cards, Credit Cards, Western Union |
| Total assets | US$685 million (31 December 2015) |
Number of employees | 500+ |
| Website | www |
Banque commerciale du Congo (BCDC) (Commercial Bank of the Congo) was a commercial bank operating in the Democratic Republic of the Congo. It offered payment services such as Western Union.
History[]
The Bank traces its origins to 1909 when it was founded as Banque du Congo Belge. BCDC is the second largest bank in the Democratic Republic of the Congo as measured by balance sheet and shareholders equity.
On 9 September 2019, Equity Bank Group, a Kenyan-based banking group, announced that it had acquired a controlling stake in BCDC.[1]
In December 2020, Equity Bank Group, having received regulatory approval from the DR Congolese regulators, began the process of merging BCDC with Equity Bank Congo (EBC), to form Equity Banque Commerciale du Congo (Equity BCDC), where the group maintains 77.5 percent shareholding.[2]
Ownership[]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | George Arthur Forrest and Family | 66.53 |
| 2 | Government of the Democratic Republic of Congo | 25.53 |
| 3 | Other Shareholders | 7.94 |
| Total | 100.00 |
Branch Network[]
BCDC operates twenty three branches in seventeen cities in the DRC.[3]
References[]
- ^ "Equity to expand in DRC with acquisition of second-largest bank". Business Daily Africa. Nation Media Group. 9 September 2019. Retrieved 9 September 2019.
- ^ Patrick Alushula (31 December 2020). "Equity Group gets approval to merge two banks in DRC". Business Daily Africa. Nairobi. Retrieved 1 January 2021.
- ^ "Accueil - Banque commerciale du Congo". www.bcdc.cd. Archived from the original on 2017-08-11. Retrieved 2017-08-16.
External links[]
- Official site
- Documents and clippings about Banque commerciale du Congo in the 20th Century Press Archives of the ZBW
 | This African bank or banking-related article is a stub. You can help Wikipedia by . |
- Banks of the Democratic Republic of the Congo
- Companies based in Kinshasa
- 1900s establishments in the Congo Free State
- African bank stubs