Commercial/SME Banking Start-up
The aim of the project was to establish a new bank in Mauritania, which included the provision of strategic planning advisory to support license issuance, interim management and technical assistance for establishment and build-out of banking operations.
On behalf of the controlling shareholder group, Financial Access developed the organisational blueprints and provided the management team for the launch of a new commercial banking institution in Nouakchott. New staff and managers were recruited and trained, systems were procured and installed, and products for the retail, SME and corporate segments developed and implemented. The bank developed rapidly and within the first year had attracted additional investment from the EIB and, subsequently, a major European banking group.