BGFIBANK EUROPE products, services and reviews

About BGFIBANK EUROPE

BGFIBANK EUROPE is the European subsidiary of the BGFI Bank Group and operates as a French credit institution headquartered in Paris, focused on corporate banking and trade finance rather than retail services. The bank’s core offering centers on facilitating Europe–Africa trade flows through documentary credits, collections, bank guarantees, and import/export financing, complemented by cash management, international payments, foreign exchange, and treasury services for companies and financial institutions. It also provides correspondent banking to African banks, leveraging SWIFT for cross-border transfers and supporting euro payments within SEPA. As a licensed institution in France, it is supervised by the Autorité de Contrôle Prudentiel et de Résolution and is subject to EU banking and conduct rules, including stringent AML/CFT and sanctions screening requirements, which can influence onboarding and transaction timelines. Eligible deposits are covered by the French deposit guarantee scheme (FGDR) up to the statutory limits. Pricing for trade finance, FX, and payment services is typically negotiated case by case, with fees and margin structures varying by transaction size, counterparty risk, and tenor. The bank’s specialization means account opening is generally limited to corporates and financial institutions with demonstrable trade needs, and processing times may depend on underlying documentation quality, compliance checks, and the involvement of correspondent networks in destination markets.