Vista Bank (Africa) Explained

Vista Bank is a banking group in Africa, controlled by financier .

Overview

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

• Access Bank Group
• Ecobank

Notes and References

1. Web site: African Business . Banking expansion just the start for Lilium Capital. . Omar Ben Yedder .
2. Web site: B&FT Online . FIBank is now Vista Bank (Gambia) Limited. .
3. Web site: La Tribune Afrique . . Banques : Simon Tiemtoré s’offre les filiales de BNP Paribas au Burkina Faso et en Guinée. Ristel Tchounand .
4. Web site: Financial Afrik . . Guinée : Vista Bank officialise l’acquisition de la Bicigui qui devient Vista Guinée . Mamadou Aliou Diallo.