Establishing Vista Bank in France is a milestone in Vista Group’s global expansion strategy and underscores our position in the global financial market, says Simon Tiemtore, Chairman of Vista Group Holding
Vista Group, a financial services holding company with a mission to become a leading global pan-African banking institution, is set to start operations in France, following approval by the French banking regulator, Autorité de Contrôle Prudentiel et de Resolution, ACPR.
Vista Bank France will commence operations in France in the second half of 2025. It will be the group's first banking operation outside of Africa and its first greenfield bank since acquiring numerous former French banks in Africa. The bold expansion plan follows Vista Group’s ambitious growth trajectory, having acquired BNP Paribas and Societe Generale’s subsidiaries in several African countries.
A milestone in Global Expansion
Simon Tiemtore, Chairman of Vista Group Holding, said that establishing Vista Bank France represents a significant step in the group's global expansion. He said: “Establishing Vista Bank in France is a milestone in Vista Group’s global expansion strategy and underscores our position in the global financial market.
He went on to emphasize that the French operation would serve as a gateway to bolster the group's strategic growth across Africa. Vista Bank France is expected to offer a comprehensive range of services, including correspondent banking, corporate banking, international trade financing, factoring, foreign exchange, treasury management, and advisory services.
“Vista Bank in France will greatly benefit African businesses – helping drive trade, supporting the economies of the countries where we operate, and driving trade growth for Africa.
Vista Bank’s move to France aligns with its broader mission to transform Africa's financial landscape and empower businesses across the continent. The bank aims to strengthen trade relations between Africa and Europe, offering innovative solutions to support African entrepreneurs, small and medium-sized enterprises, and corporations.
“This strategic expansion is a testament to our unwavering belief in Africa’s potential and our dedication to unlocking opportunities for our clients and the continent,” Simon Tiemtore, Chairman of Vista Group Holding added.
About Vista Group
Vista Group, owned by Lilium Group LLC, offers a full range of innovative banking products, solutions, and services accessible to everyone, including individuals, small and medium-sized enterprises (SMEs), businesses, and governments. It helps to promote financial inclusion, economic growth, and prosperity in its countries of operation.
Vista Group is a financial services holding company that is building a world-class pan-African financial institution group that contributes to economic growth and financial inclusion in Africa. Vista has entered into strategic partnerships with various global financial institutions to drive its growth strategy by focusing on MSME (SME banking, leasing, factoring, women's banking, etc.), trade and supply chain finance, corporate banking and bancassurance.
Through these partnerships, Vista also aims to increase profitability while reducing operating costs and mitigating risk. Vista Group is focused on maximising the opportunities in its respective markets to become the financial institution of choice through its innovative banking and insurance products.
