Up!

Agricultural Bank of China selects Sopra Banking Software as a key partner to open a new bank in Africa

Oct 12, 2015

Paris, 12 October 2015 – Agricultural Bank of China (ABC) and Sopra Banking Software – a global leader in software, integration, support and advisory services – have collaborated in building the information system for the new bank Banque Sino-Congolaise pour l’Afrique, which offers a complete range of retail banking and corporate finance services.

This partnership represents several firsts for both ABC and Sopra Banking Software: ABC is the first Chinese bank to establish itself in Central Africa, and one of the first in all of Africa; it is the first Chinese bank to use Sopra Banking Software’s Amplitude solution; it is also the first bank to acquire Sopra Banking Software’s new enlarged global card management offer, a front-to-back solution created in collaboration with Sopra Steria.

ABC was founded in 1951, and today places 3rd in the Forbes ‘World’s Biggest Public Companies’ ranking, with a turnover of $189 billion in 2014. The growing influence of China in numerous sectors of the African economy has led ABC to open La Banque Sino-Congolaise pour l’Afrique (BSCA) as a joint venture with a Congolese consortium. BSCA is first establishing itself in Congo-Brazzaville before developing in other African countries.

Senior Vice President, Deputy Head of Guangzhou Application Development Center for Overseas business at ABC commented, “We were impressed by Sopra Banking Software, not only for its position as a market leader in Africa, but also for its capability to commit itself to a rapid implementation.”

Sopra Banking Software publishes banking solutions and accompanies over 600 banks representing 70 countries. It is the leading banking solution provider in many countries both in Europe and Africa with 40 years experience and proven expertise. Sopra Banking Amplitude – the selected core banking solution – has a long history of addressing the needs of new banks opening in Africa particularly with the provision of turn-key solutions.

The President of Banque Sino-Congolese Pour l’Afrique (BSCA) commented at the opening ceremony of BSAC, “The entire team of BSCA is very pleased with the work that the Sopra Banking team delivered. The team’s dedication, diligence and professionalism are exemplary, and it explains how they became the market leader in Africa. It’s hard to imagine how we could build a bank from scratch in merely five and half months without close collaboration with Sopra Banking and the rich experience brought by the project team.”


About ABC
Agricultural Bank of China Limited is one of the "Big Four" banks in the People's Republic of China. It was founded in 1951, and has its headquarters in Dongcheng District, Beijing. It has branches throughout mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, Dubai, Luxembourg, Moscow and Singapore.
ABC has 320 million retail customers, 2.7 million corporate clients, and nearly 24,000 branches. It is China's third largest lender by assets. ABC went public in mid-2010, fetching the world's biggest ever initial public offering (IPO) at the time. As of 2011, it ranks 8th among the Top 1000 World Banks, meanwhile Forbes Global 2000 named it the 25th-largest public company in the world.In 2014, it ranks 3rd in Forbes’ 11th annual Global 2000 ranking of the biggest, most powerful and most valuable companies in the world.

About BSCA
Banque Sino-Congolese Pour l’Afrique (BSCA) is established in 2015 under directive from both Presidents of People’s Republic of China and Republic of Congo. BSCA is the first joint venture bank between a Chinese bank, Agricultural Bank of China (ABC), and an African country. It is also the very first joint venture bank ABC ever established overseas. The establishment of BSCA ended the days that Congolese people do not have a bank of their own in the history of Republic of Congo. The first branch of BSCA opened to business on the 1st of July 2015. The second branch will be established in Pointe noire by end of 2016. BSCA’s vision is to expand to rest of the countries in central Africa monetary zone in the next 5 years and become a leading bank in Africa eventually.

About Sopra Banking Software

Sopra Banking Software is a global leader in software, integration, support and advice services more than 600 banks and financial institutions in over 70 countries. Its goal is to accompany clients in their business growth and international strategies through a long-term partnership approach, supported by the dedication of close to over 2,500 skilled experts.
Sopra Banking Software is a subsidiary of Sopra Steria, European leader in digital transformation. Sopra Steria provides one of the most comprehensive portfolios of end to end service offerings in the market: Consulting, Systems Integration, Software Development, Infrastructure Management and Business Process Services. With 37,000 employees in over 20 countries, Sopra Steria had pro forma revenue of €3.4 billion in 2014.

Related news

Related Events

No related event