BIIC supports Benin’s economic transformation.

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The Banque Internationale pour l’Industrie et le Commerce is the leader in the banking market in Benin. It has made its mark regarding the criteria used to rank banks. These achievements testify to its commitment to supporting the country’s economic transformation.

“More than a bank, a true financial partner”. BIIC’s tagline sums up the dynamics underpinning its prowess. On 30 September 2023, BIIC was at the top of the four criteria used to measure performance in the sector. The figures for the balance sheet, resources collected from customers, outstanding loans and securities held in the portfolio. The total balance sheet shows a figure of 1334 billion CFA francs. Resources collected from customers totalled 872 billion CFA francs. Outstanding loans totalled 631 billion CFA francs. Securities held in the portfolio amounted to 603 billion, with equity capital of 85 billion.

“As we are committed to having a direct impact on Benin’s financial ecosystem, our mission is to provide our customers with the financing they need to make their projects a success,” notes BIIC. Founded in 2020, the Banque Internationale pour le Commerce et l’Industrie is the result of a partnership between the Beninese government (51.26%), the Caisse Nationale de Sécurité Sociale (45.34%) and the Port Autonome de Cotonou (3.39%). This makes it “the only bank with 100% Beninese capital”.

BIIC is driven by three values: agility, passion and integrity. It covers the whole of Benin, with a strong presence in 11 towns and 14 strategic branches. Its vision is to “set the standard in the market by offering innovative financial products and services that are accessible to all”.

“BIIC avec elles” aptly illustrates the vision of the bank’s Managing Director, Arsène Dansou. “The success of a woman is a gift to society”, he expresses.

BIIC with them. Aware of the financing challenges facing businesses, especially those run by women, the bank has launched a programme to support them. “BIIC avec elles” is a product “dedicated to the financing of businesses run by women or with predominantly female staff”, explains the bank. This initiative reflects BIIC’s commitment to its mission of being a leading bank for SMEs and SMIs. The programme includes “an exclusive package including financing, insurance, mentoring and advisory assistance” for women. In doing so, “we support our brave female entrepreneurs in building successful, stable and sustainable businesses”, explains the BIIC.

A total of 25 women entrepreneurs or predominantly women-owned businesses will benefit from the first wave of this special support programme, launched in March 2023. NSIA Vie Assurances Benin, Sud Capital SA and specialist lawyers are partnering with the bank in this project. “BIIC avec elles” aptly illustrates the vision of the bank’s Managing Director, Arsène Dansou. “The success of a woman is a gift to society”, he expresses.

Its commercial activities focus on the retail banking sector: SMEs, employees and professionals, as well as elite customers, digital banking and large companies and institutions. To meet the needs of its customers, BIIC offers a variety of products and services, from savings accounts and credit offers to bank cards and money transfer services.

The Banque Internationale pour l’Industrie et le Commerce is active in all major sectors in Benin. These include the public sector, construction and public works, transport and services, institutions, agriculture, production and processing, energy and telecoms. “BIIC, a partner that energises the local economy”.

Alain Metodjo

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