Question 1

What is SFCI Bank?

Accepted Answer

SFCI Bank is a licensed commercial bank operating in Guinea. The institution is authorized and supervised by the Banque Centrale de la République de Guinée (BCRG), Guinea's central bank. SFCI Bank is one of approximately 21 banking institutions serving Guinea's financial sector.

The bank operates in Conakry, Guinea's capital, serving both individual and business clients. SFCI Bank does not maintain a public website.

Question 2

When was SFCI Bank founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is SFCI Bank headquartered?

Accepted Answer

SFCI Bank is headquartered in Conakry, the capital city of Guinea. The bank's office is located in the Matam area, specifically at Madina Corniche in Matam, which is a significant commercial district in Conakry.

Question 4

Where does SFCI Bank operate?

Accepted Answer

SFCI Bank operates in Guinea, with its primary presence in Conakry. The extent of branch network outside the capital is not publicly documented, though the institution is registered as an operational commercial bank within Guinea's banking system.

Question 5

What services does SFCI Bank offer?

Accepted Answer

As a licensed commercial bank in Guinea, SFCI Bank provides traditional banking services including deposit accounts, lending services, and transaction banking. The specific product portfolio and service offerings are not extensively documented in public sources.

Question 6

What makes SFCI Bank unique?

Accepted Answer

SFCI Bank operates within Guinea's evolving banking sector, which has undergone significant transformation since the country's economic liberalization in the 1980s. Guinea's banking system transitioned from state-controlled institutions to a mixed economy featuring private and international banks.

The institution is one of several banks established in the 21st century as Guinea's financial sector expanded to meet growing demand for banking services.

Question 7

What type of financial institution is SFCI Bank?

Accepted Answer

SFCI Bank is a commercial bank (Banque Commerciale) regulated by the Central Bank of Guinea. Commercial banks in Guinea are licensed financial institutions authorized to accept deposits from the public, provide loans, and offer a full range of banking services.

Under Guinea's banking law, which was reformed in 1994 and updated in 2013 to align with Basel Committee principles and international anti-money laundering standards, commercial banks must meet specific capital requirements and regulatory standards established by the BCRG. The 2013 banking law enhanced the central bank's supervisory powers and established more rigorous prudential requirements for all licensed banking institutions.

SFCI Bank

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About SFCI Bank in Guinea