Burkina Faso: Inauguration of BPBF, a new player in financial inclusion under the leadership of Captain Ibrahim Traoré

This Monday, October 7, 2024, marks an important milestone in Burkina Faso’s financial sector with the official inauguration of the Burkina Faso Postal Bank (BPBF), in the presence of Captain Ibrahim Traoré.

With a capital of 15 billion FCFA (25.09 million USD), BPBF establishes itself as a universal bank, aiming to serve individuals, SMEs, and large companies. This new financial tool seeks to diversify banking services and broaden access to financial services for a larger segment of the population.

BPBF’s main objective is to strengthen financial inclusion in Burkina Faso, focusing on youth, the middle class, and groups traditionally underrepresented in the banking sector. As a universal institution, it aims to contribute to the country’s economic transformation by facilitating access to banking services for a wide portion of the population, especially in rural areas where access to banks is often limited.

BPBF also aims to stand out by supporting small and medium-sized enterprises (SMEs), which play a crucial role in Burkina Faso’s economy.

By offering financing solutions tailored to their needs, the bank seeks to boost the entrepreneurial sector and stimulate economic growth, especially for local businesses that often struggle to access financial resources.