The story
The first bank that the group established was Atlantic Bank Côte d'Ivoire (Banque Atlantique Côte d'Ivoire) (BACI), which was founded in 1978.
In 1997, the Group acquired the assets of Barclays Bank in Côte d'Ivoire, keeping the new acquisition separate, but renaming it COBACI. In 2001, the Group created a joint stock with the symbol SGI. In 2005, SGI became Atlantic Financial Group, the holding company of the Atlantic Bank Group. In 2004, a new subsidiary under the name GIE was established to handle the Group's computing and information technology needs. In 2007, GIE rebranded as Atlantic Technology SA.
Starting in 2006, the Group started a regional expansion drive by the opening of Atlantic Bank Benin that year. The next year, Atlantic Bank Niger, Atlantic Bank Burkina Faso, Atlantic Bank Mali and Atlantic Bank Togo were established. Since then Atlantic Bank Senegal (2007) and Atlantic Bank Cameroon (2009) were established. Also in 2009, COBACI was merged with Atlantic Bank Côte d'Ivoire (BACI).
In 2012, Atlantic Bank Group was taken over by the BCP Group based in Casablanca, Morocco.
Group structure before BCP takeover
Prior to integration into BCP, the group's parent holding company was Atlantic Financial Group based in Lomé, Togo. The member companies of the Atlantic Bank Group included the following:
Atlantic Bank Côte d'Ivoire - Abidjan, Côte d'Ivoire
Atlantic Bank Benin - Cotonou, Benin
Atlantic Bank Niger - Niamey, Niger
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Atlantic Bank Burkina Faso - Ouagadougou, Burkina Faso
Atlantic Bank Mali - Bamako, Mali
Atlantic Bank Togo - Lome, Togo
Atlantic Bank Senegal - Dakar, Senegal
Atlantic Bank Cameroon - Douala, Cameroon
Atlantic Technology SA - Lomé, Togo
Atlantic Finance - Lomé, Togo - management and financial intermediation company
Cash Money Worldwide - Lomé, Togo - funds transfer company
Atlantic Bank France - Paris, France - representative office in Paris, France
From Wikipedia’s article on Atlantic Bank Group, shared under CC BY-SA 4.0.4