Our History: Evolving towards Proximity and Innovation
AFG Bank Comores has a rich history that dates back to 1982 when the bank was established as the successor to the Bank of Madagascar and the Comoros. From its beginnings, AFG Bank Comores has positioned itself as a major player in the banking sector in the Comoros, offering quality services to its customers.
In 1990, AFG Bank Comores underwent a significant turning point with the acquisition of a 51% stake by BNP International, strengthening its presence in the Indian Ocean region. At that time, 34% of the shares were owned by the Comorian government, and 15% were held by private shareholders. This step contributed to consolidating the bank’s presence in the territory.
In October 2020, a new chapter began for AFG Bank Comores. The pan-African group, Atlantic Financial Group (AFG), acquired the shares held by BNP Paribas, giving a new strategic direction to the bank. Since this acquisition, AFG Bank Comores has been firmly committed to proximity and innovation.
In parallel, AFG Bank Comores emphasizes innovation to facilitate the customer journey. Modern and innovative solutions, such as AFGmobile, have been developed to meet our customers' needs for remote banking services. AFGmobile allows our customers to access their accounts, perform routine transactions, and manage their finances with ease and security.
Today, AFG Bank Comores continues to write its story by listening to its customers and anticipating their needs. We take pride in our journey, our commitment to proximity, and our dedication to offering modern and innovative banking solutions. Our goal is to actively contribute to the economic development of the Comoros and support our customers in their financial projects. AFG Bank Comores, a bank focused on the future, serving its customers and the community.
