Atlas Mara Limited

Description

Founded in 2013 by Bob Biamond and Ashish Thakkar, Atlas Mara Limited, formerly Atlas Mara Co-Nvest Limited, is a British Virgin Island-based financial services company that is engaged in offering credit cards, retail banking, investment banking, wholesale banking and wealth management services. The company’s aim is to create sub-Saharan Africa’s leading financial institute and to become the most favorable choice of its investors, customers and employees. The company’s shares got listed on the London Stock Exchange since 2013 as LON: ATMA.

The company is actively evaluating expansion through the acquisition of selected sub-Saharan African financial services assets. The company’s operations and investments include Union Bank of Nigeria (UBN), BancABC and BPR. The Union Bank of Nigeria is one of the Nigeria’s long-standing and most renowned financial institutions that are providing a range of banking services to SMEs, Individuals, corporate and commercial clients. The company is pursuing an entry strategy in Nigeria and Economic Community of West African State (ECOWAS), which represent 15 countries.  The BancABC brand is engaged in offering wide range of financial services such as business, corporate and personal banking as well as asset management, treasury services and stock broking. BancABC benefits the company with multi-product, multi-country platform in high growth markets in Southern Arica. The BPR bank is the second largest bank in Rwanda, formed through the merger of the company’s two investments, BPR and the commercial arm of the Development Bank of Rwanda (BRD). The company is pursuing an entry strategy in Rawanda and East Africa.