Banque El Amana
Bank El Amana Company Profile“In just three years time, Mauritania will be a completely different country”
Banque El Amana is a bank specialised in the financing of local industry development and commerce, especially in the fields of import and export of fisheries, merchandise distribution and agriculture.
BEA is a universal bank, covering all the Mauritanian territory, that developed all authorized banking activities and products, in accordance with the banking law N° 95.011 (17/07/1995).
Bank El Amana SA – BEA- is a limited company under the Mauri- tanian Law, established in 1996 between the Mauritanian Govern- ment, private banks and other private institutions. Our leading shareholder, M. Bouna Moctar Ahmed Salem, has entered the capital of the Bank in 2002, and owns 99% of it.
As years goes by, BEA keeps on financing bigger projects in different sectors such as real estate, trade, import/export, energy, fishery, agriculture. Moreover and for the last two years, we have been leading the sector of Cash Payment, which aims to facilitate access to payment tools for the most vulnerable populations.
The Bank is well organized to accommodate our clients, indivi- duals and professionals, small business and major companies. As a Retail Bank, we enjoy a network of 8 agencies (as of 2018) cove- ring all the Mauritanian territory.
Bank El Amana SA – BEA- is a limited company under the Mauri- tanian Law, established in 1996 between the Mauritanian Govern- ment, private banks and other private institutions. Our leading shareholder, M. Bouna Moctar Ahmed Salem, has entered the capital of the Bank in 2002, and owns 99% of it.
As years goes by, BEA keeps on financing bigger projects in different sectors such as real estate, trade, import/export, energy, fishery, agriculture. Moreover and for the last two years, we have been leading the sector of Cash Payment, which aims to facilitate access to payment tools for the most vulnerable populations.
The Bank is well organized to accommodate our clients, indivi- duals and professionals, small business and major companies. As a Retail Bank, we enjoy a network of 8 agencies (as of 2018) cove- ring all the Mauritanian territory.
With the great spirit of our 133 collaborators within our Bank and a wide and exhaustive range of products. We meet the needs of our individual and professional clients, small and major businesses, in terms of daily banking activities and the realization of their more ambitious projects: saving, consumer credit, real estate credit, financing of the Investment, financing of the opera- ting cycle, international trade...
Drawing on our highly qualified and experienced personnel and a strong organizational structure, the Bank contributes daily to the greater development of our country. To consolidate our leading position, in an environment seeing the introduction of foreign banks and many local stakeholders, BEA has adopted a strategic plan based on innovation, strong commitment to compliance with international requirements, investment in our human capital and the always-betterment of our relationship with our clients.
BEA is a privately owned bank with 99% of the shares held by Ahmed Salem Bouna Moctar.
Financial Indicators
The future outlook of the bank pairs with the future development of the country, focusing in developing the services to the gas industry and the fishing and agriculture industry considered very promising. They pretend to “consolidate” their position within the banking system, secure credits and decrease risk as well as improve client loyalty.
It is the sole bank in Mauritania that provides cash payments to refugees after gaining a contract with the NU and World Bank.
Ahmed Salem Bouna Moctar
President El Amana Bank
Great Commercial Bank, BEA provides and support on a daily basis and in all their projects our more than 26 000 clients, throughout all regions and all sectors of the economy. The Bank sharpens its position as an engaged retail bank, and puts its expertise and solidity at the service of all Mauritanians and all sector of the economy of the sector.
The proximity is always progressing thanks to the development of our agencies network and the remote banking services, with the constant aim for quality to welcome and serve our clients wherever they are.
This responsibility is also translated in our choice of governance with a Board of Directors involved and active, composed of qualified perso- nalities and independent members, specialized committees, and the dissociation of the functions of President of the Board of Directors and General Director of the Bank.
Drawing from the daily engagement of our collaborators, the trust and support of our clients and partners, our ambition is to reinforce BEA as a leading stakeholder of the Mauritanian Banking sector.
eBizTalk
Mohamed Salem Bouna Moctar
Mohamed Salem, General Director of Bank El Amana, has an optimistic outlook both, about the bank and about Mauritania´s economy. Although the banking system had some difficulties in the past, it is now growing stronger matching international standards. “The banking system in Mauritania faces an unbalance between the long term financing and the short term deposits that generates inflation. However, with the new incomes from the gas discoveries, the monetary market will be developed and more stable allowing local banks to access financing in the international markets and therefore decrease interest rates”
Mauritania is a country scarcely populated, but also scarcely bankarised.
“There are too many banks in Mauritania with only 12% of the population holding a bank account. The tendency appoints to consolidation that will start after the Central Bank of Mauritania impose a minimum of capital of 25 million euros on the 30 of March this year”.As regulations become stricter, banks claim for new reforms also in the sector. “The sector needs to develop a new monetary market as well as increase the access to refinancing with the public companies banking in the sector and not in the Treasure. There is also a need of reforms in justice especially regarding under performing credits guarantees, since the legal process is too long reaching up to 5 years.
