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Case study N° 1
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Private company in Senegal
| Profile | Mr. Ramplou is the manager of a private company in Dakar, Senegal. He has decided to open a Euro company account in Belgium in a bank recommended by FBS banking. |
| Needs | This customer has chosen Belgium because most of his customers and suppliers come from this country. He uses his account to receive cash settlements and to pay his suppliers. He has given preference to a well renowned bank following the advice of his circle of acquaintances. |
| Problematic | This type of arrangement involving a company based in Africa is risky. Banks are often recalcitrant when they take into account the additional risks inherent to the country. They demand further procedures to check the company really exists and to check the address of the client. |
| Results | Due to the large extent of these procedures, Mr. Ramplou has had recourse to FBS Banking to be in charge of the paper work and to open the account for him. This case has necessitated complicated administrative formalities and many hours of work. However, thanks to our expertise in the banking sector, we have been able to solve this matter with success. |