Pursuits
Biggest Congo Bank Plans Home-Market Drive Before Regional Entry
- Rawbank seeks to extend footprint to all 26 provinces in Congo
- Lender will eventually seek stock-market listing, CEO says
Kinshasa.
Photographer: Papy Mulongo/AFP via Getty ImagesThis article is for subscribers only.
Rawbank Sarl, the Democratic Republic of Congo’s biggest lender, plans to extend its branch network into all 26 provinces from 12 over the next three years before expanding regionally and eventually listing its shares.
"Our first priority is to cover the Congo and then look to expand into the neighboring countries with a listing on a stock market," Chief Executive Officer Thiery Taeymans said in an interview in the capital, Kinshasa. It is considering bordering Republic of Congo as its first potential destination, he said.