Bloomfield Investment assigns Oragroup "A" long-term ratings; stable outlook
Thursday, 12 July 2018 18:18 
(Togo First) - Ivorian ratings agency Bloomfield Investment gave Oragroup SA, holding of Lomé-based Orabank Group, its very first financial ratings.
Hence, Oragroup was rated A (for the investment ratings category) with stable outlook regarding its long-term credit quality. In the short-term the group was rated A2 (for the same category) still with stable outlook.
The performance of the group which operates in 12 West and Central African nations, is mainly attributed to financial robustness and the implementation of best governance practices by the major stakeholder, Pan-African private equity firm Emerging Capital Partners (ECP), which joined the group’s shareholding in 2009. However, institutional shareholders like Proparco, DEG, BIO, BIDC, and the Gabon Fund for Strategic Investments, also contributed to the performance, given their strong financial situation.
In detail, Oragroup’s total balance sheet is estimated at CFA1,794 billion ($3.28 billion). Total deposits recorded by the group stand at CFA1,179 billion while lending amounts is CFA1,085 billion.
The group’s net banking product is valued at CFA108 billion ($197.4 million). Meanwhile its net result soared by 45% to CFA21.97 billion ($40.1 million).
These are performances that Oragroup plans to strengthen even further in the future. Indeed, the group wants to become a pan-African reference and its expertise was actually recently requested by a Cameroonian microbank that recently turned into a universal bank.
Fiacre E. Kakpo
