The Orabank Group, present in 12 countries and in four monetary zones in West and Central Africa, has opened a regional and international trading room in Lomé, Togo.

In a market previously dominated by players operating from Europe and the US, Oragroup now offers its clients a competitive and up-to-date offer in Africa, to intervene on the foreign exchange market in the monetary areas where its subsidiaries are established.

The Orabank Group said it wants to be a key player in the UEMOA money market and to play a leading role in boosting the secondary market for government securities.

This new trading room offers Oragroup a leading position as a financial intermediary that places the bank at the heart of financial exchanges in the countries where it operates, in order to best serve its private and institutional clients, both in Africa and internationally, as well as other regional banks.

The opening of this trading room is also intended to strengthen synergies within the Group, allowing significant economies of scale in foreign exchange hedging transactions between subsidiaries while increasing the share of cash net banking income.

This new step is part of the "2016-2018 Strategy - Consolidation and Efficiency" plan, aimed at strengthening the Group's financial strength.

"This new step illustrates the dynamic of our Group characterized by a strong performance in 2016 and an upward trajectory in 2017, combining profitability, commercial development and innovations, particularly in the deployment of digital solutions. In 2018, Oragroup is set to accentuate its growth along with its values ​​of humanity, commitment, and rigor in order to contribute to the development of the African financial sector as a central engine of our economies. That is our collective will”, commented Binta Touré Ndoye, CEO of Oragroup.