Vista Bank (Africa)
Vista Bank is a banking group in Africa, controlled by financier Simon Tiemtoré.
Overview
[edit]In 2016, Tiemtoré set up a holding company in New York City, Lilium Capital, through which he acquired the distressed First International Bank (FIBank), a lender based in the Gambia with operations in Guinea and Sierra Leone,[1] which he renamed Vista Bank in 2021.[2]
In 2020, Vista Bank announced its acquisition of the stakes held by BNP Paribas in two banks, BICIGUI in Conakry, Guinea and BICIAB in Ouagadougou, Burkina Faso.[3] BICIGUI was renamed Vista Guinée (VistaGui) in July 2021.[4]
In August 2023, Vista announced an agreement to acquire a majority stake in distressed multinational banking group Oragroup, based in Lomé, Togo.[1]
See also
[edit]References
[edit]- ^ a b Omar Ben Yedder (18 September 2023). "Banking expansion just the start for Lilium Capital". African Business.
- ^ "FIBank is now Vista Bank (Gambia) Limited". B&FT Online. 23 February 2021.
- ^ Ristel Tchounand (19 October 2020). "Banques : Simon Tiemtoré s'offre les filiales de BNP Paribas au Burkina Faso et en Guinée". La Tribune Afrique.
- ^ Mamadou Aliou Diallo (30 July 2021). "Guinée : Vista Bank officialise l'acquisition de la Bicigui qui devient Vista Guinée". Financial Afrik.
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