Thursday, April 25, 2024, was a significant day for Advans Congo as it hosted the Pillar III Report press conference. Led by Director General Jean Luc Nzoubou, the event delved into detailed quantitative and qualitative insights on the banking institution in the Democratic Republic of Congo, aligning with the country’s Central Bank directives.
Quantitative figures unveiled an impressive net profit of 888,838,425 FC for the 2023 financial year, with total assets and liabilities amounting to 118,179,476,045 FC. Borrowings from national and international partners totaled USD 3,216,899 by December 31, 2023. Operating expenses stood at 10,129,264,502 FC, underscoring the institution’s commitment to sustaining its operations.
On the qualitative front, Advans elaborated on its diverse and accessible credit and deposit products, ranging from current accounts to project savings accounts, catering to various customer needs. In addition, financial services like national and international transfers and payment order books complemented the array of services.
Concerning risk management, Advans Congo established a robust framework with an independent Audit Committee and specialized managers in internal audit, internal control, and compliance to enforce meticulous risk management practices and adhere to prevailing standards.
In terms of strategic development, Advans Congo aims to lead in microfinance in the DRC by providing tailored and innovative financial solutions to its clientele. Strategic objectives emphasizing team efficiency enhancement, risk management, skills advancement, and social commitment outline the institution’s roadmap for the future.
In essence, Advans Congo emerges as a significant participant in inclusive finance in the DRC, driven by clear objectives and a customer-centric approach with a focus on social impact. The commitment to sustainable and responsible growth sets the stage for a brighter financial future for individuals, small businesses, and their families.
For further information:
1. Government Formation in the DRC: The Challenges of Judith Suminwa
2. The $1000 Drilling Scandal in the DRC: The Affair That Shakes The Ministry of Finance
3. Modeste Bahati’s Support for Vital Kamerhe: A Step Towards Political Unity in the DRC
4. Diplomatic Meetings for Peace and Security in the DRC
5. Elections in the Democratic Republic of Congo: Between Challenges and Hopes