AFG Bank Gabon, a subsidiary of Atlantic Financial Group, posted a net profit of 31.25 billion XOF for the year ended December 31, 2025, up 30% from 24.01 billion XOF a year earlier, according to financial statements presented at the bank’s annual general meeting on May 26, 2026. Return on equity stood at 29.28% and consolidated net equity reached 88.89 billion XOF. Total assets rose 37% to 1,419 billion XOF from 1,039 billion XOF, driven by a 32% surge in customer deposits to 684 billion XOF. The large corporate segment led deposit growth at 43%, while retail deposits rose 14%. Gross loans to customers grew 29% to 659 billion XOF, with corporate lending — largely directed at real economy and government infrastructure projects — up 39%. Retail lending grew at a more measured 10%. The loan-to-deposit ratio stood at 96.32%. Net banking income soared 35.19% to nearly 92 billion XOF,...

Gabon is preparing a return to the international bond market with a planned 10-year issue of CFA857.85 billion, or about $1.5 billion. The proposal is included in the 2026 Amending Finance Bill, adopted by the Council of Ministers on May 22 and reviewed by the National Assembly’s Finance Committee since June 10. If approved, the deal would be Gabon’s largest sovereign bond issue since 2021. Société Générale is listed as lead bank for the transaction, marking a shift from Gabon’s previous bond deals, which were led mainly by JP Morgan, Citigroup and Deutsche Bank. The choice points to a possible change in market partners as Gabon seeks to rebuild access to external financing. The government has not yet disclosed the proposed coupon, timing, use of proceeds or guarantees. The bill still needs approval from both houses of parliament before becoming law. Follow us on WhatsApp | LinkedIn for the latest...