SocGen losses cost Central Africa $584m - report

The Bank of Central African States has lost about $584m on investments made through Societe Generale, a bank, a senior official has reportedly said.

Benoit Ndong, a senior official at the central bank's Gabon branch told Reuters, a media agency: "The losses are currently estimated at around CFAfr300 billion ($584m), but an audit is under way to evaluate the precise losses." Ndong did not say when the losses were realised.

The central bank did not reply to email requests for comment. No one fr

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: