Banque commerciale du Congo

Banque commerciale du Congo (BCDC) (Commercial Bank of the Congo) was a commercial bank operating in the Democratic Republic of the Congo. It offered payment services such as Western Union.

Banque Commerciale du Congo (BCDC)
TypePrivate
IndustryBanking
Founded1909 (1909)
HeadquartersKinshasa, Democratic Republic of Congo
Key people
Yves Cuypers
ProductsLoans, Transaction accounts, Savings, Debit Cards, Credit Cards, Western Union
Total assetsUS$685 million (31 December 2015)
Number of employees
500+
Websitewww.bcdc.cd
Commercial Bank of Congo in Lubumbashi

History
Belgian Congo Bank in Leopoldville, circa 1942

The Bank traces its origins to 1909 when it was founded as Banque du Congo Belge. BCDC is the second largest bank in the Democratic Republic of the Congo as measured by balance sheet and shareholders equity.

On 9 September 2019, Equity Bank Group, a Kenyan-based banking group, announced that it had acquired a controlling stake in BCDC.[1]

In December 2020, Equity Bank Group, having received regulatory approval from the DR Congolese regulators, began the process of merging BCDC with Equity Bank Congo (EBC), to form Equity Banque Commerciale du Congo (Equity BCDC), where the group maintains 77.5 percent shareholding.[2]

Ownership
BCDC Stock Ownership
RankName of OwnerPercentage Ownership
1George Arthur Forrest and Family66.53
2Government of the Democratic Republic of Congo25.53
3Other Shareholders7.94
Total100.00

Branch Network

BCDC operates twenty three branches in seventeen cities in the DRC.[3]

References
  1. "Equity to expand in DRC with acquisition of second-largest bank". Business Daily Africa. Nation Media Group. 9 September 2019. Retrieved 9 September 2019.
  2. Patrick Alushula (31 December 2020). "Equity Group gets approval to merge two banks in DRC". Business Daily Africa. Nairobi. Retrieved 1 January 2021.
  3. "Accueil - Banque commerciale du Congo". www.bcdc.cd. Archived from the original on 2017-08-11. Retrieved 2017-08-16.
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