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BEIGE, the financial services provider, wishes to announce to the general
public that its subsidiary, BEIGE Capital Savings and Loans (BCSL), has
secured final approval to operate as a universal Bank. This final license
follows BCSLs satisfaction of all the licensing requirements of the Bank of
BEIGE's banking subsidiary will be called The BEIGE Bank.
The implication of this announcement is that BCSL, now The BEIGE Bank, is
fully authorized to offer complete banking services to the general public.
At the time of its licensing, The BEIGE Bank had over 70 business offices
around the country, over 2,000 staff and a clientele base of almost 700,000
most of which are individuals and SMEs.
The Next Steps:
Between now and the end of the year, all business offices of BCSL will
undergo a process of rebranding to reflect their new status.
Together with its subsidiaries and affiliates, BEIGE is currently providing
direct employment to over 4,000 people and serving a clientele base that
could soon reach One Million (1,000,000).