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Africa|Building|Financial|Services|Products|Solutions
Africa|Building|Financial|Services|Products|Solutions
africa|building|financial|services|products|solutions

Vista completes acquisition of Banco SocGen Moçambique

8th August 2024

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

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Financial services firm Vista Group has completed its acquisition of 100% of Banco Société Générale Moçambique, which has eight branches and will be renamed Vista Bank Moçambique.

The acquisition will further expands Vista's presence in Africa.

"Our 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," says Vista Group chairperson Simon Tiemtore.

Vista is building a pan-African financial institution group that contributes to economic growth and financial inclusion in Africa.

"The new acquisition 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, namely Burkina Faso, The Gambia, Republic of Guinea (Conakry), Mozambique and Sierra Leone,” he says.

The Vista Group offers a full range of banking products, solutions and services that are accessible to everyone, including individuals, small and medium-sized enterprises, businesses and governments, helping to promote financial inclusion, economic growth and prosperity in its countries of operation.

Edited by Creamer Media Reporter

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