Kinshasa - Société Financière de Développement (SOFIDE)

city Kinshasa
OPENING 09.01.1970
CLOSING [1990s]

Founded on 9 January 1970 under the name Société Congolaise de Financement du Développement (SOCOFIDE), this institution was renamed Société Financière de Développement (SOFIDE) in 1971.
This Congo's only development bank was set up with the task of promoting productive investment by furnishing medium and long term finance funds in various form to private enterprise and, with certain limits, to mixed company. The bulk of the bank's loans went to medium and large industrial firms. Its capital was in hands partly of the state, and partly in those of the International Finance Corporation (an offshore of the International Bank of Reconstruction and Development) the Central bank and private interests at home and abroad. 
Banca Commerciale Italiana acquired 0.47% of the bank's shares at the time of its founding.

other banks in the same country Dakar - Union Sénegalaise de Banque Libreville - Union Gabonaise de Banque Abidjan - Société Ivoirienne de Banque Brazzaville - Banque Commerciale Congolaise Cotonou - Société Dahoméenne de Banque N'Djaména - Banque Tchadienne de Crédit et de Dépôts Lomé - Union Togolaise de Banque Yaoundé - Société Camérounaise de Banque
see in the map