Question 1

What is Fidelis Finance Côte d'Ivoire?

Accepted Answer

Fidelis Finance Côte d'Ivoire is a branch office of Fidelis Finance Burkina Faso, a specialized banking financial institution focused on financing productive equipment for small and medium-sized enterprises (SMEs) across West Africa. The institution operates under license A0186X from the Banking Commission of the West African Economic and Monetary Union (UMOA) and provides leasing, factoring, and corporate financing solutions primarily to businesses in Côte d'Ivoire.

As part of the Fidelis Finance Group, the Ivorian branch specializes in equipment financing for enterprises across multiple sectors including agriculture, transportation, construction, industry, and services.

Question 2

When was Fidelis Finance Côte d'Ivoire founded?

Accepted Answer

Fidelis Finance was originally established in Burkina Faso in 1998 under the name Burkina Bail. In 2014, following the arrival of new shareholders, the institution changed its name to Fidelis Finance Burkina Faso pursuant to Banking Commission decision n°7557/CB/C dated December 13, 2013.

The Côte d'Ivoire branch was established in 2015 when the institution received authorization to expand its operations into the Ivorian market under license A0186X.

Question 3

Where is Fidelis Finance Côte d'Ivoire headquartered?

Accepted Answer

The branch operates in Côte d'Ivoire with its presence focused on serving the Ivorian market. The parent institution, Fidelis Finance Burkina Faso, is headquartered at 1035 Avenue du Dr Kwamé N'Krumah in Ouagadougou, Burkina Faso.

The Fidelis Finance Group maintains a sub-regional presence across the WAEMU zone.

Question 4

Where does Fidelis Finance Côte d'Ivoire operate?

Accepted Answer

Fidelis Finance Côte d'Ivoire operates throughout Côte d'Ivoire, serving businesses and entrepreneurs across the country. The institution focuses on urban commercial centers and regions with significant SME activity.

As a branch of a regional financial institution, it benefits from the group's sub-regional expertise while maintaining local market focus.

Question 5

What services does Fidelis Finance Côte d'Ivoire offer?

Accepted Answer

Fidelis Finance Côte d'Ivoire provides specialized financial services adapted to business investment and working capital needs:

Leasing (Crédit-bail): Equipment financing for machinery, vehicles, agricultural equipment, industrial tools, IT equipment, and specialized vehicles through lease-to-own arrangements.

Factoring (Affacturage): Invoice financing advancing up to 80% of invoice value with collection services, providing immediate working capital to businesses.

Corporate Credit: Business loans for working capital reinforcement and production capacity expansion.

Bank Guarantees: Performance bonds, bid bonds, advance payment guarantees, and completion guarantees for companies in construction, engineering, industry, and commerce.

Bills Discounting: Short-term financing through commercial paper discounting.

Question 6

What makes Fidelis Finance Côte d'Ivoire unique?

Accepted Answer

Fidelis Finance stands out for its specialized focus on equipment financing and productive asset acquisition for SMEs. The institution has developed proven expertise in structuring financial solutions specifically designed to enhance business competitiveness.

The institution benefits from prestigious institutional shareholders including the African Development Bank (AfDB), West African Development Bank (BOAD), BIDC, FSA, FMO, AfriCapital, FBDES, and Raynal Assurances IARD Burkina. This strong shareholder base provides financial stability and access to significant funding capacity.

Fidelis Finance has received multiple industry recognitions, including best leasing company awards (2014), innovation prizes (2015), and was recognized as the best establishment with social impact for SME financing in West Africa (2018, 2020). In 2021 and 2022, Bloomfield rating agency awarded Fidelis Finance an A- long-term investment rating (low risk) and A1 short-term rating (very low risk).

Question 7

What type of financial institution is Fidelis Finance Côte d'Ivoire?

Accepted Answer

Fidelis Finance Côte d'Ivoire is a banking financial institution (établissement de crédit à caractère bancaire) specialized in equipment financing and corporate lending. It operates as a branch office of a licensed credit institution within the WAEMU banking framework.

The institution functions as a specialized bank focusing on leasing and corporate finance rather than traditional retail banking services. This specialization positions it as a key player in SME development financing across West Africa.

Fidelis Finance Côte d'Ivoire

in the Ivory Coast 🇨🇮

Crypto-Friendliness

All done!

About Fidelis Finance Côte d'Ivoire in the Ivory Coast