VISTA Group Holding has successfully completed its acquisition of Banco Société Générale Moçambique (BSGM), marking a significant expansion of its operations in Africa. The acquired bank, which operates eight branches, will now be known as Vista Bank Moçambique.
Simon Tiemtore, Chairman of Vista Group Holding, emphasised the strategic importance of this acquisition, stating, ‘Our acquisition of Banco Société Générale Moçambique represents an important milestone in Vista Bank Group’s journey towards its goal of becoming a world-class pan-African financial services group, with the aim of operating in 25 countries by 2026. The new acquisition increases the Group’s support and impact in driving economic growth and financial inclusion in Africa.’
With this acquisition, Vista Group now operates in five countries: Burkina Faso, The Gambia, Republic of Guinea (Conakry), Mozambique, and Sierra Leone. Owned by Lilium Group LLC, Vista Group provides a comprehensive range of innovative banking products, solutions, and services to individuals, SMEs, businesses, and governments, promoting financial inclusion, economic growth, and prosperity across its operational regions.
