Vista Group Holding has announced the completion of the 100% acquisition of Banco Société Générale Moçambique (BSGM) which will be renamed Vista Bank Moçambique
The Banco Société Générale Moçambique BSGM, which already had eight branches, will further expand Vista Group Holding’s presence in Africa.
The Chairman of Vista Group Holding, Simon Tiemtore said the acquisition of Banco Société Générale Moçambique represents an important milestone in Vista Bank Group’s journey towards its goal of becoming a world-class pan-African financial services group, with the aim of operating in 25 countries by 2026.
The new acquisition according to Tiemtore will increases the Group’s support and impact in driving economic growth and financial inclusion in Africa.
“Following this acquisition, we are now operating in five countries: Burkina Faso, The Gambia, Republic of Guinea (Conakry), Mozambique and Sierra Leone.,” he stressed
The Vista Group, which is owned by Lilium Group LLC, offers a full range of innovative banking products, solutions and services that are accessible to everyone, including individuals, small and medium-sized enterprises (SMEs), businesses and governments, helping to promote financial inclusion, economic growth and prosperity in its countries of operation.
