Advans

Advans
Company typePrivate
IndustryMicrofinance
Founded2005; 19 years ago (2005)
HeadquartersLuxembourg
Products
  • Loans
  • Savings
  • Consumer Banking
Number of employees
6,400 (2018)
Websiteadvansgroup.com

Advans SA is a microfinance bank based in Luxembourg active in a number of developing countries.[1] It was established in 2005.[1]

History

Advans SA launched Advans Côte d'Ivoire In March 2012,[2] Advans Tunisia in 2013,[3] and was incorporated in Nigeria in 2012.[4]

In March 2018, Advans SA introduced a new logo.[5] In September 2019, Gaëtan Debuchy was appointed Managing Director/CEO of the bank, and Obinna Ukachukwu Deputy/CEO.[6]

Operations

The organisation is supported by a number of European government development banks that include Netherlands Development Finance Company, European Investment Bank, International Finance Corporation, UK governments CDC Group and the German government KfW.

It is active in Pakistan,[7] Democratic Republic of Congo, Cambodia,[8] Cameroon, Ghana,[9] Nigeria, Tunisia and Myanmar.

Awards

  • Microfinance Bank of the Year at BAFI Awards[10]

References

  1. ^ a b "Advans Group: About us". www.advansgroup.com.
  2. ^ D’IVOIRE, ADVANS COTE. "Advans Côte d'Ivoire célèbre son 5e anniversaire". Agence Ecofin (in French). Retrieved 2021-05-17.
  3. ^ ridha. "Création bientôt d'Advans Tunisie pour relancer la microfinance". Kapitalis, le portail d'informations sur la Tunisie et le Maghreb Arabe (in French). Retrieved 2021-05-17.
  4. ^ "Advans La Fayette Microfinance Bank | About Us". Advans Nigeria. Retrieved 2024-10-30.
  5. ^ ADVANS. "Advans présente son nouveau logo et affirme son engagement aux côtés des petites entreprises". Agence Ecofin (in French). Retrieved 2021-05-17.
  6. ^ "Advans La Fayette Microfinance Bank gets a new Management team". Nairametrics. 2019-09-27. Retrieved 2021-05-17.
  7. ^ Webmaster (13 April 2018). "Advans Bank pledges to continue supporting Pak entrepreneurs - PakObserver". Archived from the original on 26 May 2018. Retrieved 26 May 2018.
  8. ^ O’Byrne, Brendan (30 April 2018). "Amret to get $40 million from IFC to expand microfinance loan portfolio".
  9. ^ "Advans Ghana launches "Hero" campaign - citifmonline.com". 8 May 2016.
  10. ^ Partners, N. M. (2024-10-30). "Advans Nigeria wins 'Microfinance Bank of the Year' at BAFI Awards". Nairametrics. Retrieved 2024-10-30.
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