BICI-GUI
BICI-GUI has been selected as the best of the seven major banks in Guinea this year following a strong all-round performance in 2002.
Net profit advanced almost 10% in 2002, while the bank’s ROE stood unchanged at 29%. There were also slight gains in assets and Tier 1 capital.
The strong performance was largely due to BICI-GUI’s conquering of Guinea’s retail market. By the end of 2002, the bank had about 38% share of retail deposits.
Refusing to rest on its laurels, BICI-GUI has widened the gap between itself and its rivals in the retail sector by being the only bank to install cash machines in the more remote areas of Guinea.
“Despite a tough economic environment, our bank remains financially sound. It is a family-friendly and community-oriented organisation, and a reliable pillar of the Guinean economy,” remarked Bernard Deleuze, BICI-GUI’s chief executive.
