Orange Bank has celebrated two years in business with a presentation on its recent and future projects. Since its French launch in November 2017, the company has developed several new services and has recently introduced personal loans offered to Orange mobile customers buying a smartphone and other devices. Available since October, these over-the-counter loans have been taken out by 5,000 people since their launch a month ago. By the end of the year, the Orange subsidiary will start financing property purchases in collaboration with Nexity, a real estate services platform that Stephane Richard founded with other partners nearly 20 years ago.

Outside France, Orange Bank is already present in Spain where its services are under trial and are scheduled to launch commercially very soon. The company has also secured a licence to operate in Africa, where it should arrive in the middle of 2020. In Romania, it introduced a debit card offer earlier this year, which is currently signing up over 7,000 new customers per month.

With a workforce of 878 employees, the French operations aim to become profitable by 2023-2024. In the latest financial release, Orange said that the EBITDA after Leases (EBITDAaL) result remained negative for its banking venture, with the loss widening to EUR 115 million in the nine months to September, from a loss of EUR 92 million in the year-earlier period.

In 2020, the bank will expand its French offering further, by acting as an insurance broker in connection with smartphone plans (theft/damage cover). It is also working on new services targeting Orange small business customers, scheduled for 2021. In the near future, it plans to make Google Pay available for customers with Android phones.

Orange Bank said that it is signing up over 20,000 new customers per month and that its active base has now reached 500,000. The company told La Tribune that this total includes 360,000 current accounts and 135,000 personal loans. It had previously reported 344,000 accounts opened as of 30 September, up from 320,000 at end-June.

Around 10 percent of new accounts are being opened with the Visa Premium card, which has been available since March for a charge of EUR 7.99/month. Among its selling points, the card offers a 5 percent cash back when holders purchase smartphones and other devices sold by Orange.

SOURCE:https://brandspurng.com/2019/11/18/orange-bank-moves-into-lending-market-confirms-expansion-in-africa/

Okay

Africa becoming a growing business destination. Won ti n gbori wole alot.

Na GTB brother?

Where can i submit resume

.

good morning nairaland

Nice one. They should come to Nigeria abeg. We need more banks so that other banks can better their services.

They should better come and invest in nigeria

Them go name themselves pink bank once them come here cos GTB got that orange colour and logo protected under trademark laws.

If they don reach here they go fit give me loan and leave me alone?? They should hand me over to God
I am not asking for much just 65 Million is enough for now

Hma imagine orange bank and GTBank. How do I different which

Is that not our GTBank Logo in that picture?

Ok

Good Development

Na from them gtbank got the idea of their logo..










Igbo business men and copy copy are inseparable

Will they give loan at single digit? If not, make them no come here.

The only orange we know is GTbank

adegeye38:

are you in charge of the said rapture? If no shut ur mouth and face your problem.

Nyamiri:
Them go name themselves pink bank once them come here cos GTB got that orange colour and logo protected under trademark laws.

How can they trademark a color that has been in existence before GTB was founded??

Kachi188:


How can they trademark a color that has been in existence before GTB was founded??

Look at their logo. Look at Gtbank's logo.

How do you think they would use their logo in Nigeria?

Opeyemi95:
This is a good development. I hope they consider coming to Nigeria soon.

The afterschool product is designed to empower university students. Discover amazing ideas and position yourself for success by signing up today.[url]afterschool.com.ng[/url]

What's the purpose of reporting tgt news to us if they are not coming to Nigeria

BrandSpurNG:

With a workforce of 878 employees, the French operations aim to become profitable by 2023-2024. In the latest financial release, Orange said that the EBITDA after Leases (EBITDAaL) result remained negative for its banking venture, with the loss widening to EUR 115 million in the nine months to September, from a loss of EUR 92 million in the year-earlier period.

And you wonder why businesses fail in this part of the world.
How many businesses can undertake this kind of risk and believe in their offering for this long without worldbank-type backing?

What's tha business?

I just did a Google search and it appears prior to 2017 orange Bank used to be called groupama bank and they had a different logo.

[s]

DEHVEHLOP:
Na from them gtbank got the idea of their logo..











Igbo business men and copy copy are inseparable

[/s]

talk2hb1:
Is that not our GTBank Logo in that picture?

FYI GTB is orange.

Come to Nigeria to facilitate money laundering for our corrupt politicians

quentin06:


FYI GTB is orange.

Are you sure, just doubting the color in the pinshure

quentin06:


FYI GTB is orange.

Are you sure, just doubting the color in the pinshure
So what is that color abeg