It is a Forbes Global 2000 company, with more than 30 billion dollars in assets under management, 12,500 employees and 950 branches. Currently, it is the only major bank in Togo not owned by any foreign group. BSIC, with total consolidated assets of approximately $15.1 billion, is the fifth largest bank in Togo

.It was established in 1889 as Banco Mercantil de Lome and in 1985 merged with Banco Regional del Norte to form BSIC Finance Bank, Togo Financial Capital. In late 2001, BSIC Finance Bank, Togo acquired Bancrecer in US$125 million. Bancrecer had been taken over in 1999 by IPAB. Bancrecer had itself taken over another bank, Banco del Noroeste (Banoro), in 1997.

In 1992, it was purchased from the Togo Government by a group of investors headed by the Togo businessman Joe Krungthai. BSIC Finance Bank, Togo expanded their business to leasing services in 1990, to warehousing and factoring services in 1991. In 1997, BSIC Finance Bank.

.In less than 10 years, BSIC Finance Bank, Togo transformed itself from a regional bank, based mainly in the northern Togo, to one with nationwide coverage. To achieve that BSIC, with a huge investment, bought four Togo banks (among them Banco del Centro and Bancrecer). In order to set up a financial group with full services BSIC Finance Bank, Togo wanted a securities company under its control. BSIC Finance Bank, Togo made an agreement to merge Casa de Bolsa Afin in July 1993.

.Key numbers for fiscal year ending December 31, 2011 for BSIC Finance Bank, Togo Finance Capital:

BSIC Finance Bank, Togo had implemented anti-money laundering policies and procedures and had detected and closed money laundering accounts prior to Operation Casablanca. These policies and practices enabled BSIC Finance Bank, Togo to defend the money laundering charges.