Banque de Gestion et de Financement

The Management and Financing Bank, or BGF, is a bank based in Bujumbura, Burundi.

History

The Société de Gestion et de Financement was created in 1992 by a group of businessmen, with no public office.
On 1 April 1996 the BGF was created by the same group as a commercial bank, taking over the assets of SOGEFI.
The bank managed deposits, withdrawals, credit, exchange, investment, treasury, discount of effects, commissions and resumption of participation.
Capital was in 1996, and equity was.
BGF expanded into several provinces of Burundi.
As of 2024 it had 9 public offices in Bujumbura Mairie, and had opened 16 agencies:
As of 2008 BGF had 146 employees in eight branches.
It had in assests, in deposits and of loans.
It had 13,632 accounts, about 10% of the total in Burundi at that time.
In April 2021 the bank celebrated its 25th anniversary in Bujumbura at a ceremony attended by Prosper Bazombanza, vice-president of Burundi.
By 2021 capital was and equity was.
The bank was entirely owned by private citizens of Burundi.
In April 2021 the Trade and Development Fund of the TDB Group issued a partial risk guarantee facility of to the Women's Initiative for Self-Empowerment, a micro-finance institution established in 2007.
This would allow WISE to borrow, or about US$510,000, from BGF, which WISE would lend to women as small and medium enterprise loans, particularly in agribusiness and trade.
In 2024 BGF was one of ten banks that had been approved by the Banque de la République du Burundi as a Treasury Valuation Specialist.