SUNU Bank Togo: Mohamed Bah hands over presidency to Yssouf Gbané

Yssouf Gbané from Ivory Coast has been appointed as the chairman of the board of directors of SUNU Bank Togo, succeeding Mohamed Bah, the group’s CEO. The banker was introduced on Wednesday, November 19 in Lomé.
He takes on his role in a context marked by the implementation of a bank restructuring plan, which had caused a crisis in the sector. This plan aims to strengthen financial solidity, and includes the closure of certain branches, job transformations, and a reduction in staff for economic reasons.
“After the difficult times following the initial actions of the restructuring plan initiated since last year, we are moving forward with a new dynamic focusing on solidity, proximity, and innovation,” said the new chairman of the board, who had led Banque Atlantique Burkina Faso for about 8 years.
“The crisis we went through has left its mark on the relationship between the management and some parts of the staff, as well as the trust of a portion of the public. But this phase was necessary to rebuild new, stronger, and more sustainable foundations,” said the bank’s CEO, Bénito Fado, in an interview with Financial Afrik last July. “Our priority today is to restore the human connection, internally and externally,” he added.
In Togo since 2017 after the acquisition of Banque Populaire de l’Épargne et du Crédit (BPEC), SUNU Bank is one of the 4 subsidiaries of the SUNU group in the country. “Togo is special for the SUNU group because it’s where we had our first banking venture,” highlighted the outgoing chairman of the bank’s board of directors.