International
support

In more than 90 countries

Your contact

image contact
masque image contact

Jean-Guy LARRIVIÈRE
Head of International Desk Africa, Middle East

Support by the
Crédit Agricole group

Last updated: September 2021

The International Desk for Africa, the Maghreb, and the Middle-East provides support to the Crédit Agricole Group’s business clients in Gabon particularly with opening accounts and providing local financing in FCFA with a privileged bank in Gabon, the Gabonese Union of Bank (UGB) – Attijariwafa Bank group.

+

Means of payment

With Gabon

Company cheque

Bank cheque

SWIFT transfer

Promissory note

Documentary remittance

Documentary credit

Usage

Weak / None

Weak / None

Common

Not recommended

Not recommended

Not recommended

Common

+

Advice from the
international desk

General Information

Gabon is a member of the Franc Zone via the Economic and Monetary Community of Central Africa (CEMAC) for which the issuing institute is the Bank of Central African States (BEAC). The CFA or XAF franc is linked to the Euro with a parity fix guaranteed by the French Treasury.

Gabon has important natural resources, particularly in petroleum, of which it is the 5th-largest producer in Africa. Since 2015, the economy which is highly dependent on the petroleum sector, has thus been affected by the drop in petroleum prices.
Non-petroleum sectors such as the mining sector (manganese), agrifood, and wood will need to occupy a growing position in the country’s economy.

 

Means of Payment & Banking Specificities

We recommend the use of a confirmed documentary credit payable upon receipt or in a maximum of 60 days.
Payment delays are frequent if transactions have not been secured.
It is recommended to negotiate a deposit if exchange regulations allow it.
The best billing currency for trade remains the Euro.

+

Our offer available
in this market

Entering
new markets

Find out more

Secure
your transactions

Find out more

Finance
your growth

Find out more

Optimise
your cash flow

Find out more